UK unemployment scheduled to be twice as worse as GFC

Author: Giles Coghlan | Category: News

large number of UK job redundancies ahead?

large number of UK job redundancies ahead?
Sobering stuff. Britain's employers planning twice the number of redundancies as they did in 2009:
  • 380,000 redundancies planned from May to July this year
  • That number could rise to 735,000 according to researchers cited in the article 
  • Only 180,000 job cuts were planned from January to March 2009

Labour market is stress for the Bank of England that may prompt the BoE to early action. 

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