More than 6.5 million jobs will be taken out of the UK economy due to coronavirus, with the average family £515 a month worse off, according to a new study.
The figure equates to around a quarter of the nation’s total jobs while wage cuts have slashed nearly a fifth off the typical household’s income.
Accommodation and food services are predicted to suffer the worst, with 75.1% of jobs lost, around 1.3 million positions. Second on the list is “other services” at 50.2%, ahead of “wholesale, retail and repair of motor vehicles” at 47.6% - or roughly two million jobs.
Next came transport and storage on 44%, or some 700,000 positions, before a gap to “administrative and support services”, at 26.5%.