Warning bells should be sounding in Westminster in the run up to Christmas. While the government gears up for the recess and festive celebrations, hard-pressed families across the UK are wondering how they are going to put a turkey on the table this year.
What a seriously bleak midwinter for the 2.64million now unemployed and the millions of low paid workers, suffering from pay freezes in the face of high inflation.
Some groups are bearing the brunt of the cuts and rising costs more than others. It is shameful to see that women, who make up the majority of low paid public sector workers, have had an unemployment hike of 45,000, to 1.1 million, the highest figure since 1988.
Youth unemployment has also risen by 54,000, creating a lost generation of young people struggling to afford education, or find work, which the government will struggle to curb. Women and young people first in the government's jobless queues!
Every month, as unemployment rises, the government continues to ignore the human cost and push ahead with its hard and fast cuts to the public sector - clinging to the hope that a struggling private sector can pick up the pieces. With 710,000 job losses planned for the public sector this is obviously a plan destined to fail. The Tories have form when it comes to creating unemployment. The last time that figures hit such high levels was when they were in power back in 1996.
The statistics show we are not all in this together as the government claims. Cameron's friends in the city are still featherbedded from the ravages of the financial crisis. In the run up to Christmas reports highlighted one banker who spent more than £71,000 in a London nightclub, including champagne at £1,200 a bottle. Money that would sound like a big lottery win to low paid public service workers.
The unemployment figures deliver a cold hard dose of reality. Private sector employment has increased by only 5,000, while the public sector has been hit with 67,000 job cuts - a huge gulf that the government has no credible plan to fill. As Thomas Cook looks likely to shed more than 600 jobs and La Senza become the latest retailer to face a restructuring, it is obvious that the worse is yet to come.
At a time when the government is supposed to be kickstarting the economy it is simply kicking it further towards a double-dip recession. Christmas should be a happy time, but for many people the stress of finding, or keeping a job, means the financial pressures just keep on coming. Add in the additional cost that government Ministers are asking public sector workers to pay into their pensions, and contrast with Christmas bonuses in the City, and it is obvious they are creating a more divided society.
The government must start to realise that the economy relies on families struggling to cope with inflation this Christmas being given some relief. Their failed fiscal policies are hampering recovery, as many people are still too worried about their jobs to spend in the high street. The government needs to look at ways of preventing further unemployment and encouraging consumer confidence, instead of dishing up more misery over Christmas.
Follow Dave Prentis on Twitter: www.twitter.com/MaryxMaguire
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This caused 95% of all the unemployment we have in the UK.
They only cared for greed and power and bankrupted the country in order to try to keep it.
The Brownites [Prentis, bankers and co] need to accept their own responsibility.
If all countries just write off all debts to each other they could start again with a clean sheet.
Radical I know -but there would be only a few very rich people who would lose out.
The countries with a viable manufacturing or product base would continue to flourish. Their wealth would support the countries that stuggle because of climate and poor resources! The solution unfortunately is only in the hands of the greedy! It ain't going to happen is it?
So, yep, pretty radical, but the few super-rich probably wouldn't get hurt as much as the poor & huddled masses. In fact, the solution is in your hands & mine. If we -and millions of others like us- actually were to use our democratic powers sensibly, we could make a difference. But if the UK electorate blindly choose to continue voting Labour (ie voting for more of the same pain we were subjected to 1997-2010), ourchances of making a difference are slim. As for countries baling each other out, have you had your ears & eyes closed to what is going on in the EU? No sign of Germany's hard-pressed taxpayers being remotely willing to bale out Greece's tax-evading workforce. Those are realities.
Or were you just ready to mount your high horse?
jobs overseas also they should bring back something like youth training.
The Labour Party were even more, friendly with the Banking Sector than the Tories, and they wasted our domestic reserves on thoughtless expensive policies dependent on 'eroneous' future growth, which are now pulling us down. I think it totally unreasonable to single out the Tories as being the ones to blame for the current austerity, as Blair with Brown wickedly wasted and lost so much, I am an economist who believes in worker participation, but given the events of the las12 years believe that certain Labour politicians ought to be exposed. I am sickened by the constant braying shadow cabinet members sheltering behind the safety of no responsibility. I now hope that there will never be another Labour Government, box ticking protocol, exclusive legal institutions/ silly corruptions. Pretending you are in a 'peoples party', when in reality you thoughtlessly wreck the Economy, drink Champagne, hob nob with the rich, whilst secretly carpetbagging for your own private dynasty. If these people had produced something worthwhile they could be forgiven, but they are wasters, absolute, horrible wasters.
God help the poor people of this country from all these professional finger pointers on both sides, we need a proper analysis, comissioned by someone other than a political party to form the vasis for future policy.
Brown left the UK with around 5 million state dependant adults, record deficit, record debt and record cuts in university funding. Brown knighted fred goodwin and has to take blame for the banking crisis and the unemployment we have today.
Camerons cuts have been poorly handled and needed to be matched by tax cuts, which would pay for themselves, to grow the economy, he failed to do this and thus the country is in a terrible state.
Labour are to blame for most of the problems, particularly Brown. Sweden, Switzerland and norway are all deficit free and have little unemployment, none are in the euro zone. So many countries are doing fine as they invested in education during the good times.
Sadly Brown invested in "welfare for votes" policies and greed int he state sector, rather than world class schools and hospitals.
Oh and Dave Prentis, "Dave". His salary is £500,000 a year, £10,000 a week, with over 10% a year pay rises. So he will certainly have a great Christmas.
Labour, their bankers, and the union bosses are to blame for 95% of our problems. And this is coming form a person, me, who dislikes everything about conservatism.
It was not the Conservatives that got us into this mess.
Anyone remember Gordon Brown opening the new Lehmans building, thanking the City, boasting of his 'light regulatory touch' and 'no more tory boom and bust'!
http://viableopposition.blogspot.com/2011/12/debt-break-over-point-when-is-too-much.html
The level of all three types of debt has risen relentlessly over the past three decades, from 167 percent of GDP in 1980 to 314 percent of GDP in 2010, a rise of 5 percentage points per year over the 30 year period and is now well past the danger point.
Perhaps it is the high level of sovereign debt that explains why the economy, particularly job creation, is so moribund.