3m Unemployed by 2010
Posted on Wednesday, November 12th, 2008 at 2:49pmCity analysts have predicted that by 2010, there will be 3million unemployed people in the UK, as the economy takes it's toll on businesses. About 5000 jobs have been lost up to now because of the crunch, and things are predicted to only get worse.
There are a number of issues regarding a rise in unemployment, especially the facts that UK revenue from teaxes will fall sharply and increased costs for social services will soon hit home. This reduced income and increased outgoings will weaken the balance sheet, despite the need to turn the economy around as soon as possible.