Unemployment hits highest rate in three years
In the three months to August, unemployment increased by 138,000.
In the three months to August, unemployment increased by 138,000.
A 5% reduction in the economy has been blamed for the financial hit.
GDP remains 9.2% lower than pre-pandemic levels.
Up to £26 billion could be lost.
Sunak hinted at possible tax rises to protect the public’s finances.