It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

'Tens of thousands to be laid off every week' as UK falls into recession

page: 1
0

log in

join
share:

posted on Sep, 11 2008 @ 01:28 PM
link   

'Tens of thousands to be laid off every week' as UK falls into recession


www.guardian.co.uk

Blanchflower told MPs to expect "a large increase in unemployment," and warned that a "horrible surprise" could be just around the corner. The gloomy assessment sent shares in London falling, and also weakened sterling yet further against the dollar.

The claimant count has already risen for the last six months. In July it increased by 20,100, the fastest rate since the early 1990s.
(visit the link for the full news article)




posted on Sep, 11 2008 @ 01:28 PM
link   
...tick-tock... also, from the article:


Blanchflower, who has repeatedly tried and failed in recent months to persuade the MPC to cut interest rates, predicted that the unemployment count will rise by 60,000 a month for several months in a row, probably starting in October.


www.guardian.co.uk
(visit the link for the full news article)



posted on Sep, 11 2008 @ 02:08 PM
link   
reply to post by arktkchr
 


This sounds like the early 80's news headlines, I remember them well. They used to list a major factory/shipyard/steelworks closing daily with thousands of jobs going. I'm not so sure there's the major employers out there to repeat this time around, our economy is less industrial these days. Unemployment is hidden anyway by TPTB, in Britain there were 3 million unemployed in the 80's, now they brag about there only being a million. What they don't tell you is the two million now too sick to work which brings us back to the original 3 million, then add all the mature students and hey keep counting!



posted on Sep, 11 2008 @ 02:37 PM
link   
The US and Britain are in a race to see who can lose first



posted on Sep, 11 2008 @ 02:46 PM
link   
The Govt will still let in thousands of foreign workers each month though, even if there is nothing for them to do, except of course, claim benefits.



posted on Sep, 11 2008 @ 02:53 PM
link   
reply to post by alien life uk
 

Wait there, we are told they are good for our economy! They contribute lol. When I look around the only jobs they do are outside the contribution zone, you know the stuff, fast food, taxis the jobs where cash is the currency and avoid the taxes the rest of us are obliged to pay.



new topics

top topics
 
0

log in

join