2.5 million unemployed – and rising

Posted on

Last year I predicted unemplyment would rise to 4 million before this recession was over.

Unemployment rose to 2.5 million last month.

1 in 5 of our young people is unemployed - destroying hopes, skills and prospects, as evidence shows in many cases for life.

I stand by my forecast - thousands more job losses in local authorities were announced yesterday, and all of them will have knock on effects.

No one - not one serious commentator - believes the private sector is picking up the slack. VAT increases, inflation (even if we can't and should not do anything about it), pay freezes, cuts, and fear - coupled with the absolute reluctance of the private sector to invest - guarantees that.

This government has been and is pursuing an economic policy that is guaranteed to fail.

The only question is how long will we be forced to endure it - and how radical will the steps to corect it need to be?


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: