It wouldn't be the first time Tony Blair and his loopy men told us complete falsehoods for their own purposes - the inflation figures of 2.4 % do not tally with money supply growth of 14% to August. Unemployment is nearer five million than whatever rubbish they are fabricating this time and housing figures are compiled by groups of people (ie building societies, banks, estate agents and politically pressured state sources) who have a vested interest in keeping the housing boom going. Meanwhile the replacement to 'bankrupcies' the IVA or Individual Voluntary Arrangements have mushroomed from 2,000 in 2002 to 40,000 in 2006. Are we being systematically lied to by the Labour government ???
The main problem emerging for the UK is the growing levels of unemployment and concealed unemployment. The jobless totals have been rising for the last two years. The number officially out of work stands at 1.68 million. If you factor in most of the people on disability benefit who would like a job and could do one, and those on other benefits like single parent benefit who would also like to find employment, we discover that there are a staggering 5 million people in the UK without jobs. The Chancellor himself believes that many of those on disability and single parent benefit should find jobs, and has developed elaborate programmes to bring this about. He is proving, yet again, that government programmes cannot overcome deeper seated obstacles to job creation in a modern economy.
http://www.competitivechalle nge.com/index.php/archives/policy-group- interim-report/#more-48
Also reference the Financial Times - 17 th Oct for IVA statistics.
and Reuters for the increases in M4 money supply 13.8% increase to August
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