Tuesday, May 08, 2012

The Beatings Will Continue

Perhaps they are just getting the results that they want.

U.K. unemployment will rise over the next five years almost everywhere in the country as the deepest government spending squeeze since World War II bites, the Centre for Economic and Business Research said.

Joblessness in the North East will increase to 13 percent in 2016 from 12 percent in 2012, while the rate in Northern Ireland will climb to 10.7 percent from 8.8 percent, the group said in a statement in London today. The regions have a large proportion of public-sector workers, which is weighing on the employment outlook there, the CEBR said.