UK unemployment may not reach its worst, but economic rebound

Failure to cut interest rates will take money out of the system, hitting businesses such as hospitality

The TUC boss, Paul Nowak, could be accused of exaggeration when he says “the Tories are presiding over a rapidly deteriorating jobs market”.

The UK has experienced many periods when unemployment has deteriorated more quickly and the number of people out of work reached greater peaks.

UK unemployment may not reach its worst, but economic rebound will stall