1.8 Million People Currently Unemployed in the UK - Brown Promises Action
It has been reported that 1.
8 million people are currently without a job in the UK.
With more and more companies going into administration it is feared that this number will continue to increase.
Land of leather has recently announced it's suspending its shares and news last week saw more companies going into administration such as the highstreet music store Zavvi and once biggest chain on the highstreet Woolworths finally closed its doors for the last time.
Not all companies are experiencing doom and gloom though as Sainsbury's reported its best ever Christmas and Morrison's is hoping to create 5,000 jobs this year.
Last week saw the bank of England cut interest rates to 1.
5% which is the lowest it has been in its 315 year history.
The interest rate cut was made in order to try and aid an economic recovery.
Mortgages customers who have tracker deals will automatically have the cut in interest rates passed straight to them by their bank.
Those that are on a standard variable rate will have to wait until their lenders make a decision.
Gordon Brown is currently trying to avoid a long deeper recession and although he can't always directly stop people from losing their jobs he plans to act in order to help people find their next job.
Employers are to be given £2500 for every person they train who has been unemployed for more than six months in order to support and encourage them to recruit.
People who have been unemployed for over 3 months will get extensive interview training and would be required to sign on weekly for benefit payments.
8 million people are currently without a job in the UK.
With more and more companies going into administration it is feared that this number will continue to increase.
Land of leather has recently announced it's suspending its shares and news last week saw more companies going into administration such as the highstreet music store Zavvi and once biggest chain on the highstreet Woolworths finally closed its doors for the last time.
Not all companies are experiencing doom and gloom though as Sainsbury's reported its best ever Christmas and Morrison's is hoping to create 5,000 jobs this year.
Last week saw the bank of England cut interest rates to 1.
5% which is the lowest it has been in its 315 year history.
The interest rate cut was made in order to try and aid an economic recovery.
Mortgages customers who have tracker deals will automatically have the cut in interest rates passed straight to them by their bank.
Those that are on a standard variable rate will have to wait until their lenders make a decision.
Gordon Brown is currently trying to avoid a long deeper recession and although he can't always directly stop people from losing their jobs he plans to act in order to help people find their next job.
Employers are to be given £2500 for every person they train who has been unemployed for more than six months in order to support and encourage them to recruit.
People who have been unemployed for over 3 months will get extensive interview training and would be required to sign on weekly for benefit payments.