MercoPress. South Atlantic News Agency
UK unemployment at its highest since 1994 reaches 2.57 million
Unemployment in Britain has jumped to its highest level since 1994, with young people hit hardest as private companies fail to make up for job losses in the public sector, piling pressure on the government to boost a stagnant economy. Read full article
Comments
Disclaimer & comment rulesRubbish, The real figure is much much higher.
Oct 12th, 2011 - 10:24 pm - Link - Report abuse 0Ooooppss “UK rating downgrade 'unavoidable'
”A downgrade of Britain's top notch credit rating is potentially unavoidable because the country can not grow out of its debts, a leading asset manager has claimed”
http://www.telegraph.co.uk/finance/financialcrisis/8822965/UK-rating-downgrade-unavoidable.html
why do you south americans panic so much,
Oct 12th, 2011 - 11:08 pm - Link - Report abuse 0no wonder your going nowhere,
relax, its only a little problem,
when it gets go big, we can follow argentina and go bankrupt,
???????
@Marcus
Oct 13th, 2011 - 12:37 am - Link - Report abuse 0Perhaps you missed the bit where he says the rating will probably be reviewed in coming years. A lot can happen between then and no Marcus.
Also check your own countries unemployment rate before dishing britains yours is 7.9 same as ours prior to the recent rises in unemployment. And we have a much larger population of people within working age than you do. So of cause our total unemployed will always be higher than yours even when we have low unemployment rates the total unemployed where higher than the total unemployed person in your country.
and in addition to comments on the AAA credit rating, i might add that in the 40's and 50's our debt was around 200 -250% GDP which is alot worser than the current 80 odd percent. Did we lose our AAA credit rating back then? No we didn't so the telegraph is as usually scaremondering in its attempt to boost sales, and most british people no the telegraph is not the most reliable source for accurate news.
@3 Interesting analysis by a Brit:
Oct 13th, 2011 - 02:18 am - Link - Report abuse 0Rights lets do some basic sums
1. Total number of people claiming State benefits - 6 million
2. Total number of public sector workers - approx. 5 million
3. Total number of workers wealth creaters (private sector) to fund this - less than 19 million
So less than 19 million people are expected to fund 11 million people out their money.
On top of this they are also expected to fund:
1. Continued mass immigration of the unemployed and unemployable
2. Billions to the EU and demands for more of our money to fund bailouts of their failed currency and also some of the european countires as well
3. Billions in 'foreign aid'
In a few words you are...
For a start Marcus i suggest you get your figures right, and secondly as i am an owner of my own limited multimillion pound company, i have a much better understanding of the british economic and employment issues then an argentine who clearly does not have the correct figures and is merely trying to distort the true facts to benefit his own points of view.
Oct 13th, 2011 - 03:47 am - Link - Report abuse 0Total labour force 18,360,640 Total unemployed - 15
So heres the real facts marcus:
Economically active - 31,668,000 = 76.7% UK population
In Employment - 29,101,000 = 70.4%
Unemployed - 2,566,000 = 8.1%
Econimically in active (Children/person in education and the Retired) - 9,354,000 = 23.3%
Total UK Population - 62,262,000 or 72,689,000 if you include imgrant workers and non british nationals residing and working in the UK
Above figures are from the Office of national statistics (Nomis)
So thats 60,769,000 (including imigrant workers) people in work in the UK paying National Insurance (State pension funds) income tax, VAT, Capital gains tax, and all other income and daily taxes paid by the average person from their earnings or from products purchased. That funds state benefits and the state spending as well as other government funds.
So you claim that only taxes from less than 24 million employed person is highly incorrect, perhaps you got your figures for britain mixed up with your own countries figures. Lets see shall we?
Total labour force 18,360,640 -
Unemployment of total labour force - 15.6 % = 2,864,259.84 of the total Labour Force.
Taken from NationMaster Statistic Website
You will see in my above post i mentioned the following twice “Total labour force 18,360,640 Total unemployed - 15” at the bottom, this was a error in my part and should have been removed prior to posting, and was ment only to have inlcuded the part at the bottom of the comment as follows “Total labour force 18,360,640 -
Oct 13th, 2011 - 03:52 am - Link - Report abuse 0Unemployment of total labour force - 15.6 % = 2,864,259.84 of the total Labour Force.” and not as a double posting of the same statement. under the first paragraph
Error occured due to the comments box reverting back to the begining of your comments, when you leave mercopress webpage to browse another when getting your facts or when leaving the browser to get facts from other documents on my computer.
Yes I see your mistake TeaBag, you can not recognize that Britain is going broke.
Oct 13th, 2011 - 03:40 pm - Link - Report abuse 0There is no argument that the last government indulged in an orgy of borrowing and spending that has to be paid back. It is this and the next generation that will have to repay the high loans and suffer the consequences. That is a very long way from a country being bankrupt.
Oct 13th, 2011 - 04:02 pm - Link - Report abuse 0Argentina was, indeed bankrupt just ten short years ago and if we are to believe the Argentine posters here, it is now a rich and vibrant place to live. So, nothing to worry about.
@Marcos #7 - Theres more chance of zimbawe becoming the worlds biggest economy than there is Britain going bust. Idiot.
Oct 13th, 2011 - 06:36 pm - Link - Report abuse 0we see that UK is far behind the rivals Germany/France at
Oct 13th, 2011 - 06:38 pm - Link - Report abuse 0technology race....
let's look at some numbers...
HIGH TECH MANUFACTURING
number of enterprises :
UK(10.753)..Germany(21.404)..France(16.038)
product values ( millions Euro ):
UK(90.247)...Germany(171.760)...France(116.543)
Investments 2010( millions Euro)
UK( 0) ... Germany ( 6.690) .... France ( 4.432)
HIGH TECH EMPLOYMENT
% of total employment
UK( 1 %) ....Germany (1.8 %) .... France ( 1.2 %)
% of women
UK( 32 %) ... Germany ( 34 %) ... France ( 36 %)
HIGH TECH SERVICES
% of total employments
UK( 3.1 %) ...Germany ( 2.5 %) ...France ( 2.3 %)
% of women
UK( 28 %) ... Germany ( 32 %) ... France ( 31 % )
and your point is what exactly geo? We are still better then argentina is in high tech manufacturing. So your figures are irrelevant.
Oct 13th, 2011 - 09:23 pm - Link - Report abuse 0** 11 tea
Oct 14th, 2011 - 06:11 pm - Link - Report abuse 0very true
your rival is Argentina ..you can't write/talk these comments on
the front of France/Germany.....China/Japan/USA......
Why do you guys always bring others into the equation
Oct 14th, 2011 - 10:06 pm - Link - Report abuse 0to cover up your lies,
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