{"id":8507,"date":"2011-01-20T10:04:47","date_gmt":"2011-01-20T08:04:47","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=8507"},"modified":"2011-01-20T11:03:04","modified_gmt":"2011-01-20T09:03:04","slug":"25-million-unemployed-and-rising","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/01\/20\/25-million-unemployed-and-rising\/","title":{"rendered":"2.5 million unemployed &#8211; and rising"},"content":{"rendered":"<p>Last year I predicted unemplyment would <a href=\"http:\/\/www.taxresearch.org.uk\/Documents\/4million.pdf\" target=\"_blank\">rise to 4 million<\/a> before this recession was over.<\/p>\n<p>Unemployment r<a href=\"http:\/\/www.guardian.co.uk\/business\/2011\/jan\/19\/bankers-10bn-unemployment-record-high\" target=\"_blank\">ose to 2.5 million last month<\/a>.<\/p>\n<p>1 in 5 of our young people is unemployed - destroying hopes, skills and prospects, as evidence shows in many cases for life.<\/p>\n<p>I stand by my forecast - thousands more job losses in local authorities were announced yesterday, and all of them will have knock on effects.<\/p>\n<p>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.<\/p>\n<p>This government has been and is pursuing an economic policy that is guaranteed to fail.<\/p>\n<p>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?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/01\/20\/25-million-unemployed-and-rising\/\"><em> Read the full article&#8230;<\/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":[124,35],"tags":[],"class_list":["post-8507","post","type-post","status-publish","format-standard","hentry","category-condems","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/8507","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=8507"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/8507\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=8507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=8507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=8507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}