Worrying signs today as the unemployed people rose by 35 thousand up to October to hit 2.5 Million people across the country. With the job cuts not set to really bite in hard to the new year where it is estimated half a million jobs will be going in the public sector with a similar amount in the private sector as they are inter-related i can see the unemployed figures hitting and breaking 3 million by the end of next year.
Shouldnt this be a concern to people ? and not least the government who this shows even more that their plan for cutting fast and deep into public sepdning is having a negative affect.
We only hear yesterday that inflation has hit a record high in recent times with teh cost of food and clothing and furniture hitting high prices.
What more concerns me is the VAT rise coming in in January will cripple consumer confidence and spending- which i made reference to in a previous blog post. All together we are in fora very rough ride in the foreseeable future with this tory lead government.
I just hope for everyones sakes they have a plan B. Something tells me they dont or dont want to face the prospect of needing one as they are so hell bent on pushing through these cuts they havent stopped to think waht might happen if this doesnt work and we end up going backwards. Which from where i am sitting is very likely to happen. With growth slowing and unemployment rising are the signs not clear now their plan is not working ?