Weather Morning: 13°c Light showers Afternoon: 14°c Light showers

News

HEADLINES:

Unions call for rates cut to save jobs in slowdown

Nicholas Cecil, Chief Political Correspondent
13.08.08

Unions today warned Gordon Brown and bank chiefs against allowing dole queues to lengthen in the battle against inflation.

New figures are today expected to show unemployment growing for the sixth month in a row.

The claimant count, people on Jobseeker's Allowance, jumped by 15,500 to 840,000 in June and some experts predict the increase will be even bigger for last month.

June's increase was the biggest monthly rise since December 1992. The total number of unemployed was 1.62 million in the three months to May, up 12,000 on the previous quarter, while the unemployment rate was unchanged at 5.2 per cent.

TUC general secretary Brendan Barber said today's figures "will confirm that we are entering a crucial stage, when the decisions taken by the Bank of England and the Government will have a major impact on how many jobs are lost as the slowdown bites in 2009".

He added: "The Bank of England needs to address growing expectations of recession by cutting interest rates to boost business, and the Government needs to put more money in the pockets of publicsector workers to raise flagging consumer confidence."

There was a record rise in inflation to 4.4 per cent last month and economists predict it will hit five per cent within months.

Reader views (0)

 Add your view

No comments have so far been submitted.


Add your comment

 

Your email address will not be published

Terms and conditions make text area bigger You have  characters left.


 

Don't Miss
  • Lenny Henry

    Lenny Henry: 'Maybe one day we can have a black Doctor Who'

    Shortlisted at today's Evening Standard theatre awards for his role as Othello, Lenny Henry has come a long way from black and white minstrels
  • John and Edward

    Spread of the Jedhead

    Jedward, voted off the X-Factor this weekend, are the most obvious proponents of the sticky-uppy look - but the style crosses boundaries of age, gender, sexuality and taste, says Nick Curtis

Sky in plot to hire students on the cheap

Sky News is currently recruiting students as reporters for its coverage of next year's general election. However, the opportunity doesn't quite seem so appealing

All stories


Promotions

Environmental initiatives

Find out how you can help to meet the challenges of climate change in London.


The Open University

Every year The Open University helps thousands of professionals progress in their careers.


Win the Best Seats

In London theatre when you vote for your favourite celebrity spec wearer.


Breast Cancer Care

Donate £1 and leave a message of support for a loved one in the Swarovski Garden of Wishes.


Win an iPodTouch

With Courvoisier when you share your thoughts on this week's cocktail.