Unemployment has risen to over 2.5 million in the UK and with the future of many public service workers jobs in doubt, is expected to rise to levels of over three million by Christmas.
Today’s official figures show levels of unemployment last enjoyed under Margaret Thatcher’s Tory Government of the Eighties.
Youth unemployment is at its highest level for 19 years.
Women’s unemployment is at its highest level for over 23 years.
The public sector is traditionally a large employer of both these groups.
The Government argument that the private sector creating new jobs will prop up the public sector has proven to be widely inaccurate.
David Multiband pointed out that for every two jobs lost in the public sector only one was being created in the private sector.
The result is that the economy is in a downward spiral and the public sector job cuts are fuelling the maelstrom.
Maybe our public schools are failing as well because it is obvious that neither David Cameron nor the Chancellor bloke, whose name Insurance can’t remember, have even the basic skills in macroeconomics!
When there was a global depression in the USA in the late last years, FD Roosevelt’s ‘New Deal’ of public works and public sector employment, brought America out of the downward spiral and introduced infrastructure which gave the post-war US a massive competitive advantage.
President Obama has finally realized that cuts don’t work and has announced a massive Federal investment in public works. Alex Salmon, Leader of the Scottish Parliament today said that unemployment was down in Scotland during the last three months due to a large public building program.
David Cameron is carrying on making people and public sector workers unemployed.
If you work in the Public Sector there is still time to get unemployment insurance and income protection however you must hurry.
Income Protection Insurance is available to everyone in full-time employment. As long as you have not been informed by your employer that your job is at risk, you can still take out an income protection policy.
Act quickly and you can protect your mortgage, rent, and other regular payments such as council tax, utility bills, finance agreements, and even gym memberships and satellite/cable tv bills. With low monthly payments, you have a choice of cover between accident, sickness and unemployment, accident and sickness, or unemployment only, with 12 or 18-month benefit options.