Brown spends on jobs as layoffs mount
13-01-2009
British Prime Minister, Gordon Brown, has pledged to spend US$754 million to help the long-term unemployed, as layoffs pile up in the worst downturn in almost two decades.Unemployment in Britain is already at a decade-high; and set to climb further, with the country going into its first recession since the early 1990s. Some experts predict the jobless total could hit 3 million. Under plans announced on Monday, companies will get $3,767 for recruiting people who have been unemployed for more than six months.
