More depressing news on the economic front. 1,100 more people claiming unemployment benefit, with the total of 30,300 at a four year high. The number of businesses wound up – i.e. businesses forced to close to sell their assets to satisfy creditors – has increased by a third. The CAB’s caseload of live debts has jumped by 3 million, with a shift from personal credit to mortgages and secured loans putting people’s homes at risk. Clearly the situation is getting worse. But fear not. According to Enterprise Minister Arlene Foster, “Overall, the number of people claiming unemployment benefits is still relatively low in historical terms and we are not alone in feeling the effects of the downturn in the global economy”. That’s ok then. No need for you and the other sectarian politicians in the Executive to actually do your jobs then.
Unemployment Up; Bankruptcies Up; Executive Stays Down