I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Friday, 20 March 2009

Is the public sector the engine of the fake uk economy ?

More than 138,000 people began claiming the Jobseekers' Allowance in February, taking the total number of claimants up to 1.39 million, the Office for National Statistics said.

But while private sector firms have cut jobs and pay to cope with the downturn, the only area that saw employment rise was the public sector, which created 30,000 positions last year and saw average salaries increase faster than inflation.


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