Which? uses cookies to improve our sites and by continuing you agree to our cookies policy.

Gloomy unemployment prediction from BCC

Jobless total to reach 3.2m

Crowded shopping street

Photo Credit: Alex Segre/Rex Features

Latest data from the British Chambers of Commerce (BCC) economic survey indicate that the UK recession is still very serious and that unemployment can be expected to grow rapidly in 2009 and 2010.

Manufacturing has shown a “worrying deterioration” with exports reaching a 10-year low. There was some slightly better news in that the pace of decline in services appears to be slowing.

David Kern, Chief Economist at the BCC, said that he expected GDP to decline by 3% in 2009 and that all indicators point to further increases in unemployment, with a peak of 3.2m in the third quarter of 2010.

Call for action

Commenting, Director General of the BCC, David Frost, said:

“The Budget is an opportunity for the government to show business that it is doing everything possible to support them.

“It will be business that drives the UK out of recession and for this reason it is vital that they have the freedom to create jobs and wealth.

“Although it is encouraging to see improvement in the service sector, there is more pain to come in this downturn. Manufacturing is still being hammered and exporters see little light at the end of the tunnel. Limiting the damage to our manufacturing base must be a national priority.”

If you are worried about being made redundant, or have already been made redundant, check out our guide on surviving redundancy.

Get the latest money news

Which? Money Email

Subscribe to the Which? Money Email for independently reviewed Best Buys and impartial expert advice plus the latest money news and money saving tips.

For daily consumer news, subscribe to the Which? news RSS feed here. 

If you have an older web browser you may need to copy and paste this link into your newsreader: https://www.which.co.uk/feeds/reviews/news.xml . 

Find out more about RSS in the Which? guide to news feeds.

Back to top