Taxing Business

UK employment continues to worsen

The United Kingdom officially left behind recession status at the end of 2009 after finally managing to gain some positive growth (0.1%). Despite this turn for the better though, employment levels are still rising with a third of public sectors planning to cut jobs in the short term.

It is thought that of all the public sectors, defence will be amongst the worst hit, following news of funding and budget shortages over that area.

The private sector is showing more promise, even displaying prospected rises in the number of employed, however there are growing fears that companies will begin to outsource more work to save money.

At the moment there are 2.46 million unemployed throughout the UK, with some saying this number may rise when the latest figures are released this Wednesday, 17th February.