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UK in the Eurovision Song Contest 2016. ... Unemployment rates fall to 5.1%, ... Angela Eagle withdraws from the 2016 Labour Party leadership election, ...
In 1912 there were 1.4 million members of trade unions that paid benefits. This means the unemployment rates for this period are based on a very small section of the UK population at the time (mainly manual workers). The lowest unemployment rate recorded in this period was 1.4% in 1890 and the highest was 10.2% in 1892. [19]
16 March – Chancellor George Osborne announces the Budget for 2016 and the year ahead. [13]18 March – Iain Duncan Smith resigns as Secretary of State for Work and Pensions claiming that he came under pressure from the Treasury to "salami slice" welfare, and voicing his objection to £4bn of planned cuts to disability benefits announced in the Budget. [14]
In 1978, unemployment was high by post-war UK standards with 1.6 million unemployed, between 5 and 6% (though the unemployment rate has remained at or above these levels for most of the UK's subsequent history). The poster's design was a picture of a snaking dole queue [2] outside of an unemployment office.
By Robert Barr LONDON (AP) -- The outlook for the British economy has worsened because of slowing global demand, sagging confidence and turmoil in the eurozone, the Bank of England said Wednesday ...
[111] [k] Following the UK's 2016 decision to leave the European Union, the BoE cut interest rates to a new historic low of 0.25% for just over a year. It also increased the amount of QE since the start of the Great Recession to £435bn. [114]
By Meera Selva LONDON (AP) -- Britain's unemployment rate hit its highest level for 17 years Wednesday, with women and young people bearing the brunt of the deepening jobs crisis as the country's ...
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...