UK Training Industry Press Releases

Since 2007 when the Credit Crunch hit...

• The UK economy is forecast to shrink by at least 3% (probably the worst in Europe) Unemployment is likely to reach 3 million by the end of 2009.
• Governments world-wide appear to be floundering, announcing ill-thought-out initiatives which seem to have little effect on the deepening crisis.
• The Bank of England base rate has dropped to 0.5%, the lowest it has ever been in its 400 year history!
• Some UK banks have already been taken into public ownership, others are surviving only with government support.

Businesses across the U.K. are looking for answers at to what went wrong, what should be done to resolve the situation and prevent it happening again, what is the likely outcome for them as employers and what they can do to ensure their survival?

The government is preparing for huge job losses because of the economic crisis, with emergency plans.

Speaking at a conference for Job centre Plus staff, work and pensions secretary James Purnell highlighted the concerns of employees who could face losing their jobs.

But that's not the answer...