UK is now in recession and unemployment is going to jump to nearly 5%

UK is now in recession and unemployment is going to jump to nearly 5%

More people are expected to not be in work (Picture:EPA)
Unemployment is expected to rise by 1.3% to nearly 5%, Jeremy Hunt has revealed.
The rate of people not in work will likely jump from 3.6% to 4.9% in 2024, before falling back to 4.1%.
The Chancellor promised to ‘tackle the cost-of-living crisis’ and ‘rebuild our economy’ as he set out plans for tax rises and spending cuts in the…

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