large number of UK job redundancies ahead?
Sobering stuff. Britain's employers planning twice the number of redundancies as they did in 2009:
- 380,000 redundancies planned from May to July this year
- That number could rise to 735,000 according to researchers cited in the article
- Only 180,000 job cuts were planned from January to March 2009
Labour market is stress for the Bank of England that may prompt the BoE to early action.
