The United Kingdom’s Bank Base Rate is to remain where it is (at 0.5%) until the unemployment rate is below 7%
TWO QUESTIONS: 1. Can we believe government statistics? 2. Where are the extra 750,000 jobs coming from? THAT is what is needed for unemployment to fall below 7%……….. So far this government has had NO IMPACT WHATSOEVER on the overall unemployment figure which was 2.5 million when they came to power in May 2010 and is STILL 2.5 million.