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04/09/2009
Redundancy fears may rise as OECD predicts UK growth lag |
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Britain will be the last of the leading industrial economies to emerge from the recession, the Organisation for Economic Co-operation and Development (OECD) has said.
The body stated in its latest Interim Economic Assessment that the overall fall in gross domestic output by the Group of Seven will be 3.7 per cent in 2009, down from the previous estimate of 4.1 per cent.
However, while it suggests a brighter outlook for Japan and the Eurozone, plus an unchanged prospect for the US, the situation in the UK is tipped to be gloomier, with Britain set to be the slowest to get back on its feet, not returning to growth until 2010.
This could lead to the UK suffering more unemployment and redundancies than feared, some of which may be carried out in a way that breaches legal procedures.
Anyone living in the capital who believes they may have a claim on this basis could speak to employment lawyers in London about their options for redress.
Official UK figures were recently revised to show that the economy contracted by 0.7 per cent in the second quarter of 2009.
Written by Pauline Adams
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