Blanchflower foresees a miserable Christmas
Peter Hoskin 12:12pm
Hardly a day goes by now without a new set of grim economic forecasts in the papers. But some stand out more than others, such as the prediction made by David Blanchflower today that 300,000 more people will be unemployed by Christmas - putting overall unemployment at over 2 million. If Blanchflower's correct, it would be the most dramatic - and sorry - impact that the current downturn's had on the lives of British people so far. And, of course, it compounds the Government's problems. Not only will Brown no longer be able boast about "low employment", but the idea that any kind of "economic recovery package" will make a substantial difference is looking increasingly fanciful.
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Tiberius
August 29th, 2008 1:18pm Report this commentBut Gordon will say that it is better to be unemployed in a country run by his almightiness, than employed in a country which does not benefit from his munificence.
We worship thee, all-knowing one!
mac
August 29th, 2008 1:23pm Report this comment"Danny' Blanchflower? You're evidently a Spurs fan!
Marcus Cotswell
August 29th, 2008 1:38pm Report this comment@ mac: quite right. Reminds me of the time not so long ago when the Economist kept referring to Colin Cowdrey when they meant Clive Cowdery.
I can't help thinking the sort of behaviour shown by Blanchflower ought to be incompatible with continued membership of the MPC. Not because I think he's dangerously wrong (although I do) but because he's clearly attempting to 'bounce' the other members of the committee and make policy on his own.
Pete Hoskin
August 29th, 2008 1:50pm Report this commentmac: Am a Man United fan rather than Spurs, I'm afraid. Clearly have football on the brain, though...
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