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(Reuters) - The Bank of England's deputy governor Paul Tucker said the economy in Britain and globally was yet to find a "sure footing," a newspaper reported. In an interview in the Daily Mail on Thursday, he also said that while activity has slowed "the labour market hasn't softened particularly.""The macro-economy globally, regionally (the euro zone), even domestically isn't on a sure footing as yet," he was quoted as saying."The commercial property market in many parts of the world is still a source of risk."Unemployment in Britain is running at 7.7 percent, and the number of Britons claiming jobless benefits rose for a second month in September.The Bank of England is having to weigh up whether to pump more money into a sluggish economy or raise rates to counter inflation which remains stubbornly above target.
(Reuters) - The Bank of England's deputy governor Paul Tucker said the economy in Britain and globally was yet to find a "sure footing," a newspaper reported.
In an interview in the Daily Mail on Thursday, he also said that while activity has slowed "the labour market hasn't softened particularly."
"The macro-economy globally, regionally (the euro zone), even domestically isn't on a sure footing as yet," he was quoted as saying.
"The commercial property market in many parts of the world is still a source of risk."
Unemployment in Britain is running at 7.7 percent, and the number of Britons claiming jobless benefits rose for a second month in September.
The Bank of England is having to weigh up whether to pump more money into a sluggish economy or raise rates to counter inflation which remains stubbornly above target.
Unemployment in Britain is running at 7.7 percent...
Current figures are that 29.16 million are in employment, so that gives a total for working age people of 31.95 million the current changes in sickness rules are going to dump an extra half million into the unemployed figures which will push it up to at least 9.86% Any idiot can face a crisis - it's day to day living that wears you out.
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