Fears of a second so called double dip recession are emerging. The rate at which banks lend and borrow to each other has started to rise for the first time in months as everyone starts to get concerned about each others’ exposures to Greece, Portugal, Italy, Ireland, the UK and Spain. An already weakening recovery [...]
Unemployment Continues To Rise despite Drop in Those Seeking Job Seekers Allowance The latest unemployment data released today, 21 April 2010, continues to see the recession bite hard. Unemployment rose to 8% in February from 7.8% in January to 2.5 million people with those in employment falling by 89,000 over the three months. The percentage [...]
The bankers and government caused the crisis by creating a massive credit bubble economy. The wealthy have benefited most from this financial bubble. Could they both pay for it rather than making the majority of us do it through cuts in public services, jobs and wages? The Institute of Fiscal Studies* have found that Britain [...]
Brown and Cameron are both misleading voters in their war of words over Labour’s propose National Insurance rise for 2011/2012. The planned national insurance tax rise applies to both employees and employers. The tax on employees will reduce spending power in the economy with a disproportionate impact on lower paid workers. This is because there [...]
