Tuesday 26 January 2010

Out of recession? Don't talk crap!

The government has reported via its statistical fudging sideline, the Office of National Statistics that in the last 3 months the UK economy grew by a whopping 0.1%.

0.1%

Pathetic.

I've seen "rounding errors" bigger than that! Not only is the news of Britain's economic salvation complete bullshit, but the figures are based on only 40% of the available data.

I'll tell you when we're out of recession. When the small businesses of the UK can afford to spend time taking on unskilled, young workers to mould them into skilled, economically active young men and women.

Businesses, especially those with low turnovers and huge bureacracy (yeah thanks for the red tape Gordon), will not risk taking on a potential worker that is still wet behind the ears.

Until the numbers of unemployed within the 16 -24 age group falls DRAMATICALLY, this recession is far from over. Until then, if a business needs to recruit it will cherry pick from the experienced, recently unemployed, mass of older workers.

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