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Posts tagged to austerity

Hit hard by austerity measures

MarketLine

The rate of unemployment is closely watched by the government as an important measure of success or failure of economic policies. According to the Office of National Statistics (ONS), unemployment in the United Kingdom declined from a peak of 2.65m in December 2011 to 1.84m in February 2015. Close to 800,000 workers found a job between December 2011 and February 2015. Additionally, according to BBC news, ONS also claims that “the employment rate now stands at 73.3%, the highest rate of people in work since the ONS began keeping records… Read more