Unemployment to break 1 million

One thing Gordon Brown 'forgot' to mention that is contained within his Pre-Budget Report is the fact it shows unemployment will break the all significant 1 million marker next year.

The figure is contained in the Key Assumptions part of the Report.

Vince Cable Lib Dem Shadow Chancellor asked Gordon Brown to confirm the figure in the report. Brown’s reply, the Government doesn’t predict unemployment rates.

So that’s the reason why its labeled as an “assumption” then.

Perhaps the Treasury calls it an assumption because a prediction is more of an estimate whereas an assumption is “something taken for granted.”