Unemployment figures show banking crisis has hit real economy

October 15, 2008 12:00 AM

Commenting on today's Government figures that show unemployment has risen by 164,000 between June and August to 1.79 million, Liberal Democrat Shadow Work and Pensions Secretary, Jenny Willott said:

"These figures come as no surprise and are only likely to get worse over the coming months. The effects of the banking crisis have filtered down to the real economy and are affecting people across the county.

"Now the banking rescue package has been agreed, the Government must turn its attention to unemployment and inflation. Real families across Britain are suffering, not just those working in the Square Mile.

"As the number of vacancies shrink, it will be harder and harder to get people back into work. It will not simply be a case of retraining the unemployed if there are no jobs for them to return to."

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