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Six thousand added to Scottish unemployed

Category: Scottish Economy — Paul Morgan on March 18, 2012

The most recent figures from the Office for National Statistics has shown that unemployment levels in Scotland grew by 6,000 over a period of three months prior to February.
The announcement follows a fall of 11,000 in the preceding three months.

The total unemployed for the country is 234,000, maintaining the country’s higher rate of 8.7% compared to the rest of the United Kingdom, which is presently at 8.4%. The figures also show that another 600 people began claiming for Jobseekers Allowance in February.

With 2,463,000 in employment though, this rate is still greater than the United Kingdom average, at 70.8% and 70.3% respectively.

The news comes amid a number of reports pointing to a slight recovery in the economy. However, companies seeking commercial finance in Scotland to grow and expand still face issues from traditional lenders.

Many have taken things on themselves, through the help of Scottish factoring companies and other facilities. However, John Swinney, the Scottish Government’s finance secretary, is calling for “urgent action” from central Government.

According to Mr Swinney, Scotland needs measures separate from England and Wales, as he went on to say:

“The Scottish government is using every lever currently available to us to secure new investment…

“The Chancellor needs to change course in next week’s Budget, and deliver a ‘Plan MacB’ approach for the economy.”

Michael Moore, the Secretary of State for Scotland, replied by saying measures are being taken:

“‬We are doing all we can to get Scotland working (by) creating the conditions for businesses to invest in good quality jobs.”

Protestations from other organisations and political groups suggest there is still much more to do however.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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