Monday, August 15, 2011

Austerity with growth ?

Bosses warn of a jobless timebomb: Unemployment 'will start to rise again this year' Read more: http://www.dailymail.co.uk/news/article-2026042/Bosses-warn-jobless-timebomb-Unemployment-start-rise-year.html#ixzz1V53NCSxB

If the number out of work starts to rise again, having steadily fallen over the last year, it will be a serious blow to the Government’s attempts to kickstart growth. Read more: http://www.dailymail.co.uk/news/article-2026042/Bosses-warn-jobless-timebomb-Unemployment-start-rise-year.html#ixzz1V54IkLp9

Posted by happy mondays @ 08:35 AM (1281 views)
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2 thoughts on “Austerity with growth ?

  • mark wadsworth says:

    Well, Georgie constantly boasts that private sector employment went up by half a million over the last year, which sounds like a very good thing.

    The downside of this is that these jobs were certainly almost all created (or not lost) in areas where the government has ramped up its “corporatist” spending over the last few years – spending on public sector workers and welfare has not increased significantly, but there’s an extra £50 or £100 billion a year going to such businesses. So you can’t really have “austerity” and this kind of job creation scheme (or kleptocracy, if you so wish), unless of course the “austerity” is merely shaving a few pence off unemployment benefit or something, which is a tough slog. It hurts them a lot and there’s not much you can save out of £20 or £30 billion unemployment benefit.

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