Very positive forecasts from the OBR

The independent Office for Budget Responsibility (OBR) has just published its latest forecasts. It has raised its estimate for economic growth this year to 1.8%, from a previous figure of 1.2%. But, it believes that growth will be slightly slower over the next two years. It believes that there will be 2.1% growth next year, which is down from the … Continue reading

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Unemployment – the lull before the storm

Good news on the unemployment front – or is it? Latest figures from the ONS today show that in the three months to August 2010 the number of unemployed fell by 20,000, to reach 2.45 million. This gives an unemployment rate of 7.7%, which is down 0.1% over the quarter. Male unemployment fell by 56,000 on the quarter, but female … Continue reading

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500,000 public sector jobs at risk

Once we’ve decided to which political party we are going to say “squeeze me I’m yours”, we are then going to be well and truly squeezed. And those in the public sector are going to be squeezed more than most. This prospect has led the Chartered Institute of Personnel and Development (CIPD) to say that more than half a million … Continue reading

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Will a rise in national insurance reduce UK jobs?

The current Labour government has put in place plans for a rise in National Insurance contributions (NICs) from April 2011 of 0.5% on employees and 0.5% for employers. Obviously, if Labour says ‘left’ the Tories have to jump and say ‘right’ and vice versa. Well, we can only expect this during an election period, although it is pretty much a … Continue reading

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TUC warns against cutting public spending

The prospect of a double-dip recession with unemployment reaching 4 million followed by social unrest on our streets, was the scenario put forward by Brendan Barber, general secretary of the Trades Union Congress (TUC).   Mr Barber put this view forward yesterday immediately prior to the TUC annual conference, as a response to the prospect of severe cuts in public … Continue reading

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