According to the Office for National Statistics:
‘The number of unemployed people increased by 131,000 over the quarter and by 290,000 over the year, to reach 1.92 million (the highest figure since the three months to September 1997).
More worryingly ‘there were 530,000 job vacancies in the three months to December 2008, down 69,000 over the previous quarter and down 153,000 over the year. This is the lowest figure since comparable records began in 2001.’
We now have uncontrolled debt, rapidly rising unemployment, sterling losing value on a daily basis, property prices down by 20% and Government introducing policies such as VAT cuts and bank bailouts that simply aren’t working. Gordon Brown has made a complete mess of the economy and his claim that the UK economy is well placed to weather the ‘global downturn’ is palpable nonsense.