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
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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