Wednesday 18 March 2009

UK unemployment now higher than in 1997

See the BBC article.

The official figure for 'unemployment' is of course completely made up as it excludes Incapacity Benefit claimants, students, married mums who aren't really looking for a job (but might take one if offered) or three million 'salaried unemployed' in the public sector. But let's see how Nulab spin their way out of this one.

Here's the stupidest rent-a-quote from the article:

David Kern, chief economist at the British Chambers of Commerce, said the government should now "seriously consider" temporary wage subsidies.

Nope. How about just reducing or scrapping Employer's NIC?

3 comments:

Lester Taylor said...

This sorry state of affairs has only just started.

Bill Quango MP said...

Not too bad for Brown though. This could be the high point level. If they can keep the 6 week/12 week/26 week cycle of reclassifying unemployment levels the scary 2.5 million may not be technically reached.
there are going to be more tourists this year. If the sun comes out then Gordon will see a season fall in unemployed that will carry him through the silly season.

Snafu said...

How many of these unemployed people can thank the national minimum wage for their predicament!?!