{"id":49544,"date":"2020-05-05T06:58:10","date_gmt":"2020-05-05T05:58:10","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=49544"},"modified":"2020-05-05T06:58:10","modified_gmt":"2020-05-05T05:58:10","slug":"30-unemployment-is-likely-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/05\/05\/30-unemployment-is-likely-in-the-uk\/","title":{"rendered":"30% unemployment is likely in the UK"},"content":{"rendered":"

A week or so ago I was trying to persuade a journalist on a major newspaper that there might be 30% unemployment in the UK.<\/p>\n

I estimated there were 6 million furloughed people then, and it turns out there are 6.3 million now.<\/p>\n

I took existing unemployment and added at least 40% of the self-employed, who total more than 5 million. I may have underestimated with 40%. The total came to 9 million, which is about 30% of the workforce.<\/p>\n

Now the Guardian has published<\/a> this chart of forecast unemployment by area of the UK, based on estimates by the Royal Society of Arts:<\/p>\n

\"\"<\/p>\n

This also suggests that there could easily be 30% unemployment in the UK.<\/p>\n

We have never experienced anything like this.<\/p>\n

This crisis has a very, very long way to go as yet and it seems that almost no one in government gets what that means.<\/p>\n","protected":false},"excerpt":{"rendered":"

A week or so ago I was trying to persuade a journalist on a major newspaper that there might be 30% unemployment in the UK.
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181,35],"tags":[],"class_list":["post-49544","post","type-post","status-publish","format-standard","hentry","category-coronavirus","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/49544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=49544"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/49544\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=49544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=49544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=49544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}