Wednesday, November 17, 2010
Is the Private Sector Doing What Osborne Predicted?
Today's unemployment figures seem, on the face of it, to be very encouraging. The main figures are down by 9,000 and the number of unemployment benefit claimants is also down by 3,700. It had been thought there would be a rise of 5,000. Some pundits will say this is the calm before the storm, and they may well be right, but there is another possibility. Just maybe, just maybe, George Osborne was right and the private sector is taking up the slack. It is far too early to be sure, but the signs are positive.