Wednesday, October 12, 2011

Unemployment 17 Year High - Coalition Government

BBC News: Reports that UK unemployment is at a 17 year high, at 8.1%, that 2.57 million people. This is not good news for the Coalition folks, but it should be expected, this year is going to be hard folks, the Coalition cuts have not started to hurt yet, it can be postulated that unemployment could reach over three million. The Coalition has to keep its nerve, the good days are over folks, its going to be hard, cold and grim out there, the Governments welfare reform can only work if there are jobs out there, you can force people in non jobs, thus the reform might become a casualty of events, the Trade Unions are voting for a UK General Strike, the Greek Unions have opposed the cuts of the Greek Government but have not reversed the course of the Greek Government. In fact the Greek Government might need even tougher austerity measures to keep the EU/IMF/ECB happy, the Guardian reports that massive protests are expected should new cuts be bought in by Athens. Thus the Coalition should expect not to be popular for the next year and half.

No comments: