Jobless could exceed two million next month

Officials have recently reported that the number of jobless people in the UK could break through the two million barrier when figures are released in February, with figures for the latter part of last year showing that the spate of redundancies in the various sectors had already pushed unemployment levels up to 1.92 million. With a rise of 131,000 unemployed in the latter part of 2008 the figure soared to the highest number of jobless in over ten years. Read more

Tags: recession, unemployment rate, uk jobs, stability, unemployment, pensions secretary theresa, recessions, light at the end of the tunnel

Increase in jobless figures

According to a recent report there was in increase in the number of jobless people in the UK towards the end of last year, and the rise in the number of unemployed is expected to continue this year. Read more

Tags: Labor, variety, jobless people, unemployment, stability, increase, claim

Another bank gets nationalised

Earlier this year the financial headlines were filled with news about the government taking over the stricken bank Northern Rock. Over the past few days the government has used the same legislation that was used in the Northern Rock takeover to rush through the nationalisation of another troubled bank, Bradford & Bingley. According to reports the government will be taking on the £50 billion loan book of the troubled bank, much of which has been lent to buy to let investors, whilst the Spanish owned bank Santander, which also owns Abbey, takes on the savings account side of the business, said to be value at £20 billion. Read more

Tags: savings, bank, bradford & bingley, fact, largest level, northern rock