Qualified advisers answering your
Financial Questions
call 0800 092 1245

Could unemployment be Gordon Brown's downfall?

Yesterday's news that UK unemployment now stands at 2.5 million is a bitter blow for Gordon Brown and many believe this could actually sound the death knell for his time in office with the Labour Party. This is in massive blow as we approach the crunch end of the election campaign and there are serious concerns that unemployment could creep yet higher in the short term.

The problem is that over the last three months we have seen unemployment fall slightly month by month which has given many in the market place confidence to invest for the future although that confidence was smashed yesterday with the devastating news. When you also consider that potentially we could have up to 500,000 job losses in the public sector it seems almost inevitable that unemployment will push higher and higher and could in a worst-case scenario end up closer to 3 million than 2.5 million!

Experts always warned that unemployment had not yet peaked despite the three months of falls although the government made much of the recent falls in the press and attempted to use this as a springboard for re-election. Where does Gordon Brown go from here and how can he defend his economic record now?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details