Post by EconomyRaft on Sept 10, 2013 11:33:14 GMT
Thomas Paterson in his article Real unemployment at 23%, £430bn ADDED to the national debt and STILL running £100bn+ deficits a year – there is NO recovery George Osborne Says:
Very shocking, since the officially reported numbers of the Unemployment in the United Kingdom imply unemployment has been on a decline since 2010 and is currently at 7.8 %.
then he discusses the rising public debt of United Kingdom which is in fact a worrying issue. The UK public debt was 90% of the GDP at the end of 2012 and is still on the rise. With the slowing global economies, there seems no easy way to reduce this debt.
Yes, In my opinion, United Kingdom and the rest of Europe are very far away from recovery.
So before you have to listen to Osborne try and tell you how well everything is going, here’s some inconvenient truths about the state of the economy that show that the real problems for the UK economy lie in the near future and not the past.
First up let’s take a look at the employment situation in the UK, in short it has been dreadful. Here is what the official unemployment rate has done over the past few years....when you count all those inactive in the UK labour force the real level of unemployment in the UK is nearing 25%
Very shocking, since the officially reported numbers of the Unemployment in the United Kingdom imply unemployment has been on a decline since 2010 and is currently at 7.8 %.
then he discusses the rising public debt of United Kingdom which is in fact a worrying issue. The UK public debt was 90% of the GDP at the end of 2012 and is still on the rise. With the slowing global economies, there seems no easy way to reduce this debt.
Yes, In my opinion, United Kingdom and the rest of Europe are very far away from recovery.