Britain’s Decline in Output Hits Jobs
July 15th, 2009 . by adminThe UK’s output has fallen by its biggest drop in fifty years. It fell by over 2% during January to March of 2009, a bigger increase than had been predicted. Job Opportunities just aren’t there in construction work, and services are losing jobs all the time too. Now Lloyds bank has just announced a further 2,100 job losses, that’s on top of the 5,000 already made by the bank since January. Housing is still badly affected by the recession. It can’t be too long before the unemployment level hits 2.5 million, and the forecast of 3 million looks ominously closer.
