Official UK unemployment rate hits 5%.
1000 job losses per day, 30,000 a month.
The rest of the economy is now feeling what we have been feeling for the last 40 months.
I went to get my car serviced recently, was shocked the owner had let go of both his helpers and also upped his prices 50%.
Instead of doing higher volume at lower prices by employing helpers, he had decided to up his prices and do fewer cars instead.
1000 job losses per day, 30,000 a month.
The rest of the economy is now feeling what we have been feeling for the last 40 months.
I went to get my car serviced recently, was shocked the owner had let go of both his helpers and also upped his prices 50%.
Instead of doing higher volume at lower prices by employing helpers, he had decided to up his prices and do fewer cars instead.

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