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Sunday 16 August 2009
Mass Unemployment Haunts New Labour
Recently I blogged on the fact that the "Labour Isn't Working" poster is being brushed off for possible use in the next election. Well, recent news suggests that this rather jokey idea may have legs, because this week came the news that, unemployment numbers increased by 220,000 to 2,435,000 in the three months to June, taking the jobless rate to 7.8% in the UK, its highest level since 1995.
It's now heading back to the levels of previous 'recessions', and is predicted to approach 3 million early next year. This surely lends the lie to the idea that we have banished "Boom and Bust" economics in the UK.
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