Did rising unemployment and poverty coincide with the start of the recession? Tom MacInnes, Research Director at the New Policy Institute, unpacks the facts and suggests that job losses, unemployment and poverty started to rise years before the present recession although the recession inevitably made things worse. The economic failure, he argues, is as much, if not more, to do with the loss of manufacturing and industries then the financial sector’s flop. The truth is also laid bare about the chronic problem of youth unemployment; one which is yet to be resolved.
- New Policy Institute: website