Unemployment to peak as recession looms

Tax Saving Accountants

10 Oct 08

Unemployment to peak as recession looms

Mr Purnell claimed the UK is facing unemployment on a scale not seen for more than a decade, and warned that the government would be powerless to intervene and save jobs.

His gloomy analysis came after the first admission of a government minister that Britain is heading for recession.

Tom McNulty, the new work and pensions minister said yesterday that the success of the government’s recent attempts to stabilise the banking system “will be the precursor to how deep and long the recession will be”.

“We’re slowly getting to a stage where the slowdown may well turn technically into a recession and then we’ll be talking about the nature and depth of the recession,” McNulty added.

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Stonehouse Accountants in Peterborough, Cambridgeshire are a full service public accountancy practice offering accountancy services to companies and sole traders in Peterborough and throughout Cambridgeshire. We specialise in Bookkeeping, annual accounts, tax planning, business planning & more; which includes bookkeeping, bookkeeping accounts and bookkeeping services. If you are thinking of changing accountants and you are wondering what the next step might be, please contact Stonehouse Accountants in Peterborough where we will be happy to meeting up with you. Stonehouse Accountants have a good reputation for being a small, friendly and focused two partner public accountancy practice. We have years of experience and understanding of how small and medium size businesses work – you will get strong support in all areas of tax, vat, annual accounts and dealing with dss officials.

Unemployment to peak as recession looms

Tax Saving Accountants

Unemployment to peak as recession looms

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