Unemployment tagged posts

VAT Rise Will Cause Job Loss

November 3, 2010 Taxation in UK

Speaker at the CIPD ConferenceThe UK will lose over 1.6 million jobs by mid-2015 due to the planned increase in the Value Added Tax rate and scheduled cuts to government spending.

On November 2nd the UK Chartered Institute of Personnel and Development (CIPD) released a new report with projections of future job losses potentially caused by upcoming tax changes and slashes to Government spending. According to the report, the UK economy will see nearly 1.625 million jobs lost within approximately 5 years. The conclusions presented within the report oppose statements made earlier by the Government’s Office for Budget Responsibility, which claimed that job losses in the country would not exceed 610,000 during the same time period.

In January 2011 the UK will see the national Value Added Tax (VAT) rate increase from 17...

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OECD Member Unemployment Up 2.1%

January 12, 2010 Taxation in EUTaxation in UKTaxation in USA

Handing original signed letter of Dominican Republic.The unemployment rate across the 30 countries of Organization for Economic Cooperation and Development (OECD) was 2.1 percent higher in November than one year ago, though the rate remains level with October, 2009.

The OECD released their latest composite of unemployment rates in a report published on January 11th. The publication shows that the unemployment reate in each member country rose in November, 2009 compared to the same period in 2008. Figures within the report show that unemployment amongst the 27 EU members of the OECD rose by 2.0 percent, to 9.5 percent. The rate amongst the 16 Euro Area nations also increased by 2.0 percent, to 10 percent. Unemployment amongst the OECD’s “Major Seven” nations rose to 8.5 percent from 6.5 percent in November, 2008...

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