UK job cuts increased even as lockdown eased    

Britain’s debt mountain is likely to rise and hold above 100% of GDP for at least the next few years

British Chancellor of the Exchequer, Rishi Sunak’s efforts to keep people in work come too late for many people. File pic 

UK job cuts jumped the most on record in the three months through August even as lockdown eased, raising concern that the worst is yet to come.

The number of redundancies climbed 114,000 in the June-August period, the most since 1995, the UK's Office for National Statistics said. That left the total at 227,000, a rate of more than 8 per 1,000 employees.