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2012 May 04 - London's News Tank
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NIESR warns of “permanent” damage due to high unemployment

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Unemployment on rise

The National Institute of Economic and Social Research (NIESR) has warned that the climbing unemployment rate, which is predicted to hit 9% by the end of the year, will do “permanent damage” to the productive capacity of country. Report of the leading think tank suggests that unemployment rate in the UK is expected to rise from it current 8.3% to almost 9% by the end of 2012, due to contracting economy of the country. ”The UK economy…

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Conservative stinging rebuke by voters, Labour on track for big win

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Vote counting

Labour is on the course for big win in the 2012 United Kingdom local elections as voters slashed out at the Conservative Party, punishing David Cameron for leading Britain back into recession. David Cameron and Nick Clegg suffered a bruising night of defeats with Labour racking up big gains in the local elections results announced so far. Early results for regional council elections showed Labour seizing control of 20 more…

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