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Friday, September 12, 2008

'Tens of thousands to be laid off every week' as UK falls into recession


Tens of thousands of people could be laid off every week in the run-up to Christmas as the UK economy falls into recession, David Blanchflower of the Bank of England's monetary policy committee warned today.
Blanchflower told MPs to expect "a large increase in unemployment", and warned that a "horrible surprise" could be just around the corner. The gloomy assessment sent shares in London falling, and also weakened sterling yet further against the dollar.
This is all part of the engineering of the global elite through their control of the money supply and the Bank of England.
Less Jobs = more mortgage reposessions = Government control of the housing market

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