Jobless ‘set to hit 2.7m by 2013’
UNEMPLOYMENT will soar to 2.7 million by early 2013 as the UK economy stalls and the private sector sheds temporary workers hired during the recovery, according to a prominent group of economists.
The latest quarterly forecast from the Ernst & Young Item Club, due out tomorrow, will warn that a further 130,000 Britons will join the unemployment scrapheap by the spring of 2013, despite the Bank of England’s attempt to stimulate growth by printing more money.