Liberal Democrats in Business

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

Unemployment figures deeply worrying - Cable

12.00.00am BST (GMT +0100) Wed 14th Sep 2005

Commenting on unemployment figures released today by the ONS which shows that the claimant count has risen for the seventh month in succession, Liberal Democrat Shadow Chancellor, Vince Cable MP said: "These figures are deeply worrying.

"Growing levels of unemployment are likely to have knock-on effects on consumer spending and the fragile housing market as people get into mortgage arrears.

"Although today's figures are more positive than expected, they still show a continuation of the longest period of increasing unemployment in the last 12 years.

"The underlying trend in the claimant count shows that the economy is losing momentum whilst the Chancellor's continuing complacency is distressing."

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[Previous news story]: Government Must Act Over Biofuels - Lamb (Tue 13th Sep 2005).
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[Unemployment Figures Show Chancellor's Complacency is Worrying - Cable]

Mon 27th Jun 2005:

[Home Repossession Figures Too High - Cable]

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Wed 23rd Feb 2005:

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[Increase in Bankruptcies Deeply Worrying]

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[Increase In Workplace Fatalities "Deeply Worrying"]

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