How bleak is the future for the UK?

Many people were horrified to learn recently that whilst many major economies are going through a severe downturn and recession, the UK is expected to be the hardest hit of the major economies, which is of course bad news for UK consumers and businesses. Read more

Tags: economic future, twenty years, number, uk jobs, Late 2000s recession in Europe, British Chambers of Commerce, confidence levels, uk consumers

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