England's White Dragon

England's White Dragon
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Wednesday, 16 February 2011

The World at unrest

Middle East unrest, Europe unrest, it seems the whole world is at unrest and at war with its self, how’s Cameron’s Big Idea going to work in England when there is so much unrest in the world and England is becoming the same, 20% vat, £1.35/8p per litre off fuel, once £50 pounds of fuel got you 50 litres of fuel and lasted you just over a week, now you  get just over 35/6 litres of fuel for your £50 pounds and it last you 4 or 5 days on average costing you an extra £9 pounds week compared to last year when fuel was around one £1.00 a litre, and all the other cost of living going up by the day is there any wonder there is so much unrest, when these problem have all been cause by government miss managements and wrong policies.

(Iran) Thousands of opposition supporters have been protesting in Iran, with two people reportedly killed in violent clashes between the protesters and security forces on Monday.

Information has been difficult to gather from people on the ground in Iran, due to communication restrictions, but many have been using social media outlets to send video and updates.

(Libyan, Egypt, Tunisia, Palestinian, Bahrain)

Hundreds of people have clashed with police and pro-government supporters in the Libyan city of Benghazi, reports say.

Eyewitnesses told the London Times the overnight unrest followed the arrest of an outspoken lawyer a critic of the government.

The lawyer was later said to have been released but the protests continued.

Pro-democracy protests have swept through several Arab countries in recent weeks, forcing the leaders of Tunisia and Egypt from power, when will it be England’s turn?

England’s unemployment total rises yet again and Scotland rate falls once more?

England’s unemployment rose by 44,000 to almost 2.5 million in the three months to the end of December, the Office for National Statistics (ONS) has said.

Youth unemployment rose to a fresh record high, with more than one in five 16 to 24 year-olds out of work after a rise of 66,000 to 965,000.

The unemployment rate is now 7.9%, with youth unemployment running at 20.5%.
Prime Minister David Cameron said unemployment, particularly among the young, was "a matter of great regret".

The number of people claiming Jobseeker's Allowance also increased, by 2,400 last month to 1.46 million.
The number of people in part-time work because they could not find a full-time job rose by 44,000 to 1.19 million, another high since records began in 1992.

"The latest English labour market figures provide further evidence that the jobs recovery has gone into reverse," said economist Vicky Redwood.

Long-term unemployment also deteriorated, with 17,000 more people out of work for more than a year, to a total of 833,000.

Other data from the ONS showed that average earnings rose by less than 1.8% in the year to December last year, But with the cost of living going up by 37%
The figures also showed that unemployment fell in Scotland by 13,000, but rose in England.

The government said the latest figures showed that unemployment was starting to stabilise. If a rise in unemployment is what this government calls (Stabiles) what are they going to call it when all the local councils start laying-off thousands of their work forces?)

"We've got a long way to go and I want to see these figures start to come down, but certainly the evidence is over the past month things have settled down and we are not seeing the increases we saw earlier in the last quarter," said Employment Minister Chris Grayling.

Sir Michael Black-Feather the English first minister said that there were only 40,000 more job vacancies in the three months to January than in the previous three months. This is often seen as an indicator of the health of the economy and whether companies are creating jobs but over 90% of these jobs where for professionals and not for your average school leaver or your average man/women in the street without qualifications and it’s really a false look on how things will really pan out in England’s economy over the next year.

And the ONS agreed with Sir Michael and said that most of these new vacancies were temporary jobs, working on the 2011 Census. Excluding this, there were 8,000 more vacancies.

Shadow work and pensions secretary Liam Byrne also agreed with Sir Michael’s comments and said this was a sign that the government could not rely on the private sector to create jobs.

"There are still five people chasing every single job and in about a hundred constituencies, 10 people are chasing every job," he told the London Times.

Sir Michael said; that he expect unemployment to rise in the coming months, largely because of this governments public sector spending cuts implemented by the British government, which are designed to bring down the British governments budget deficit which of course won’t you just can’t keep on robbing Peter to pay Paul and expect Paul to go without?.

"The labour market data are disappointingly softer overall and fuel our suspicion that unemployment is likely to trend up gradually in 2011 in the face of below-trend growth and increasing job losses in the public sector," said Howard Archer at IHS Global Insight.

Sir Michael suggests the economy would have to grow at an annual rate of about 2% to 3% for unemployment to fall.

He told the London Times in the final three months of last year, the economy shrank by around 0.5%, and although many analysts expect a return to growth in the current quarter, few expect GDP to top 2% this year.
Speaking at a press conference to launch the latest Inflation Report, the governor of the Bank of England said it had lowered its growth forecasts following the weak growth data at the end of the year.

Mervyn King also said the Bank expected inflation to remain high over the next year.
Latest figures released on Tuesday showed that the Consumer Prices Index measure of inflation had hit over 4%. This was expected to increase pressure on the Monetary Policy Committee to start raising interest rates.
The markets are expecting a series of rate rises this year. The question for many is how far rates will have to rise.
However, there is still the concern about the possible effect any increases would have on the economic recovery.
For that reason, economist James Knightley from ING said the unemployment figures supported their view that interest rates may not rise as much as the market anticipates.
Are you unemployed? Are you between the ages of 16 and 24 and out of work? Send us your comments.

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