Thursday, December 16, 2010

Happy nation

Warning: look away if you can't take any doom'n'gloom

Here's the list of Christmas gift delivered to your doorstep by Santa Cameron. Figures released by the Office for National Statistics yesterday:

- official unemployment up to 2.5 million people (first rise since the spring);

- the number of people who have to switch to part-time work because they could not find a full-time job keeps going up, now standing at 1.16 million, "the highest figure since comparable records began in 1992";

- there were 158,000 redundancies in the three months to October 2010, up 15,000 on the quarter. The figures are set to soar, as around 100,000 redundancy letters are expected to be sent to local authority staff within the next month.

- inflation is up to 3.3% (or 4.7% RPI), particularly due to a record hike on food and non-alcoholic drinks. And with the VAT to rise in January (more about its impact here), that's bound to get worse, especially when coupled with the news that earnings have gone up by 2.2 per cent (though if you personally know anyone who can say they've had a pay rise in the last 12 months, do drop us a line).

PS: On a positive note, this blog salutes one good thing the LibDems have achieved while in power: the end of detention of children in immigration centres - one of the most appalling policies that Labour implemented while in power. Credit when due.

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