Recent studies have confirmed that the real unemployment figure for Britain has reached six million and is on track to exceed seven million during 2010. Some commentators are now suggesting that the figure could reach nine million before the end of of 2010.
Current figures and projections are unknown territory in Britain and concern is rising that these levels of unemployment are likely to trigger a massive rise in house repossession and personal insolvency, leading to a deep second dip in the recession.
This serious situation has led to Tory Leader Cameron warning that there is a real risk of Britain defaulting on debt unless urgent action is taken to bring the economy, personal and govenment debt under control.
In response the Blair Blair Regime continues with its long summer holiday and masterly inaction – but then Brown believes there is no economic crisis as public spending booms and the gravy train rolls on.