Monday, May 07, 2012

doom and gloom

Scotland faces "five more years of pain" with unemployment rates expected to outstrip the UK average and hit their highest level in almost two decades, a think tank has warned. By 2016, the Scottish unemployment rate will be close to 10%, according to the Centre for Economics and Business Research.

Economist Rob Harbron, one of the report's authors said "The outlook is tough for UK households, particularly those in places with a high dependency on public sector employment. Family budgets are being squeezed between the pressures of rising unemployment, low earnings growth and stubbornly high inflation."

http://www.heraldscotland.com/politics/political-news/scotlands-jobless-will-suffer-five-years-of-pain.17520316

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