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Report: Unemployment could reach 10.7% by 2016

Report: Unemployment could reach 10.7% by 2016

An increasing number of Britons could require expert employment law advice in the near future as redundancy rates look set to continue rising.

That is if the findings of a new study released today (May 8th) by the Centre for Economics and Business Research (CEBR) are anything to go by, as this has predicted that unemployment could increase above ten per cent by 2016.

Last month, the Office for National Statistics revealed the UK is now officially back in recession after the country's gross domestic product contracted by 0.2 per cent in the opening quarter of the year.

And the CEBR's latest survey indicates this ongoing financial fragility is likely to lead to higher joblessness across most regions in the coming years, with the level expected to reach 10.7 per cent.

One of the authors of the report Rob Harbron observed: "Five more years of pain are expected for much of the UK." 

Contact our employment solicitors on 0800 916 9060 or email if you would like advice on any employment matter

Posted by Chris Stevenson