Unemployment

20 January 2010

UK may be turning the corner on unemployment but those without jobs and young workers are paying a very high price for this bankers recession says GMB

Paul Kenny GMB general secretary commented on today's unemployment figures. He said, "We may be turning the corner on unemployment with a fragile recovery but those without jobs and young workers are paying a very high price for this banker's recession.

The multi –millionaire elite who run the finance sector have resumed gorging themselves with bonuses as if nothing had happened. Like the untouchable and unaccountable landed aristocratic elite before them their grip on political power will have to be similarly ended. This must be an issue at the general election.

In recent months the Governor of the Bank of England has taken it upon himself to comment on fiscal policy and he is now calling for cuts in public services which is not his remit. Given the fragile recovery underway Parliament should take full responsibility for both monetary and fiscal policy and the Governor, who abysmally failed in his banking regulatory role, should be put out to grass."

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