Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum

Unemployment Figures Show Chancellor's Complacency is Worrying - Cable

12.00.00am BST (GMT +0100) Wed 17th Aug 2005

Commenting on unemployment figures released today by the ONS that show that the claimant count has risen for the sixth month in succession, Liberal Democrat Shadow Chancellor, Vincent Cable MP said: "There is now a general acceptance that the labour market is losing momentum and the trend in the claimant count in recent months confirms that. The stagnant labour market is also keeping wages down as seen by lowest rate of growth in earnings since June 2003.

"These figures are deeply worrying with higher unemployment likely to have knock-on effects on consumer spending and the fragile housing market. It is likely more and more people will be getting into arrears on mortgage payments.

"The UK economy may still be growing but the Chancellor's complacency is starting to become worrying."

[Print this news story]
[Previous news story]: Claims of Airport Expansion Being Good For UK Economy Don't Stand Up - Brake (Fri 5th Aug 2005).
[Next news story]: Trade Deal Is a Sticking Plaster Solution - Lamb (Mon 5th Sep 2005).

Related News Stories:

Wed 13th Jun 2007:

[Unemployment Rate Is A Work Of Fiction - Cable]

Tue 8th May 2007:

[Insolvency figures show severity of debt crisis - Cable]

Wed 15th Nov 2006:

[Higher unemployment will lead to further personal debt worries - Cable]

Tue 12th Sep 2006:

[Unemployment Figures Should Have Been Released in the Proper Manner - Cable]

Thu 20th Jul 2006:

[ONS FIGURES HIGHLIGHT BROWN'S MISMANAGEMENT - CABLE ]

Wed 18th Jan 2006:

[Unemployment Blip Becoming a Very Worrying Trend - Cable]

Mon 5th Dec 2005:

[Chancellor's Spin Makes His Record Look Like Failure - Cable]

Wed 16th Nov 2005:

[Unemployment Claimant Count Rise Worrying - Cable]

Wed 26th Oct 2005:

[Mortgage Possession Procedure Rise Deeply Worrying - Cable]

Fri 21st Oct 2005:

[GDP Figures Show Chancellor's Problems Increasing - Cable]

Wed 28th Sep 2005:

[New GDP Figures Show Brown Will Struggle to Match Forecasts - Cable]

Wed 14th Sep 2005:

[Unemployment figures deeply worrying - Cable]

Tue 19th Jul 2005:

[Chancellor's statement shows greater scrutiny of fiscal policy needed - Cable]

Mon 27th Jun 2005:

[Home Repossession Figures Too High - Cable]

Thu 16th Jun 2005:

[Retail Sales Figures Worrying]

Thu 28th Apr 2005:

[IFS Figures Show 7 Out Of 10 Households Best Off Under The Liberal Democrats]

Thu 2nd Dec 2004:

[Pre-Budget Report - The Economics of Complacency - Cable]

Wed 31st Mar 2004:

[New Figures On Debt Show Hidden Problem]

Tue 10th Feb 2004:

[Trade Figures Show Imbalance In Economy]

Printed and hosted by Prater Raines Ltd, 82b Sandgate High Street, Folkestone CT20 3BX.
Published and promoted by Liberal Democrats in Business, 4 Cowley Street, London SW1P 3NB.
The views expressed are those of the party, not of the service provider.