Over-50s hit hard

REDUNDANCIES among the over-50s have soared in the past year, leading to calls for targeted support for the age group, says a new report.

There were 107,000 over-50s made redundant between last November and January 2021 – an increase of more than 70,500 or 195% year on year. Redundancy levels in the UK have fallen from their peak, but has been slowest amongst the over-50s, said Rest Less, which gives advice and help to older people.