unemployment rate london june 2009

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BOE's Blanchflower says UK Recession Could be Worse Than Expected

The Bank of England's (BOE) David Blanchflower said Monday the recession in the U.K. could last longer than most are expecting.Forecasters in a recession tend to be overly optimistic, he said. He was speaking at an event in London. The BOE policymaker said England requires a large fiscal stimulus in the short term, which should be aimed at creating jobs.Blanchflower added there will be a massive climb in unemployment in coming months, especially June, when school

unemployment rate england london 2009 - uk recession 2009 measures taken by bank of england - uk fiscal policy in recession

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