Friday, 11 July 2014

Cost of long term unemployed June 2014

If we look at the chart below we see the cost of the long term unemployed against total government spending. The 327,000 people who are unemployed for over 12 months are hardly ruining the country. But the interest on debt which, in large part, was taken out to bail out the bankers is now 7.25% of total spending and 17 times more than the cost of long term unemployed.


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