A long-term job
Article Abstract:
The United Kingdom's New Deal program aims to promote employment among welfare recipients, and is expanding the program to include those aged over 25-years-old. There have been delays in finding employment or educational courses for younger people already in the scheme, though it has achieved limited success in finding work for the unemployed. The delays may be linked to a drop in UK unemployment, which means that there is a higher proportion of difficult cases among the remaining unemployed. There has been less of a problem with past schemes in tackling the problem of scepticism among the unemployed and employers, so the government should not try to speed the process up too much, since the unemployed could be forced to take on work without enough preparation.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Further to fall
Article Abstract:
United Kingdom interest rates are higher than those of any other major rich economy and the UK also has the weakest economy of these countries, apart from Japan. This is partly because the Bank of England is especially concerned about inflation. There was concern about a tight labor market in 1998 as well as a fear that pound sterling could drop to the extent that inflationary pressures would become a problem, if interest rates were reduced too sharply. UK inflation is high in international terms though low in historical terms. Inertia may also help explain why interest rates have not been cut more in the UK, though there may be reductions in 1999.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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On yer bike, part two
Article Abstract:
The number of claimants of unemployment benefit dropped to 1.16 million in Britain in Jan 2000, and there were some 350,000 vacancies in Job Centers. Measures to encourage younger people to move out of unemployment include subsidized work, volunatry work, and training. Child-care subsidies and other measures have been introduced to help families. There has been a rise in the inactivity rate of men aged 25-years-old to 49-years-old to 7.1% from 4.2% recorded for 1990. The government aims to promote enterprise and help the long-term unemployed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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