1.
? The jobless raise in Uk is the result of the slowing economic growth which surge the companie to shed workers
? The announced raise in the minimum wage to 5.35 in next October might not have a positive impact on this trend.
? This slowing economic growth is the consequences of first a rise in petrol price which cut the margin of the company as well as the slow down in consumer spending due to first the increase of interest rates and the excessive debt of consumer built during the 5 previous year of economical growth
? This slowing down economy will also be the cause of a loose in confidence in the economic and employment situation which in turn will increase this trend by cutting their spending and saving the money , waiting for better days.
? The raise in unemployment might also be the consequence of the opening of the European community and therefore the labor force growing faster than the number of jobs available.
? The businesses that will be affected by this situation might be the factories as there cost increase sharply with the raice in petrol price and the reduced demand(Factory has shed 75000 workers in the first quarter 2005
Also the car industry will be affected in the long term with a trend to smaller car which are more economic but also cheaper
Or even the traveling industry with flight providers and especially the lowcost which might have to cut their margin which are already tight
However this lose of confidence could also have a positive influence on the low cost business as the e-commerce which have seen a raise in their profit during the last chrismass and which ...