Wednesday, 12 November 2008

Waiting for a bad news day

It is not going to be a good day for economy news as we brace ourselves for the latest unemployment figures due out at 9.30.

These will cover the period up to the end of September and all the indications are that they will top the 1.8m mark.

Yesterday saw probably the worst day of employment announcements for some time with Virgin Media Group,Taylowr Wimpy and Yell all announcing losses which may add up to 5,000 in total.

The Bank of England will also be publishing their economic forecasts.These are the ones that they based last weeks 1.5% interest rate cuts on so expect bad news.

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