Will more people become contractors as unemployment rises?

The Centre for Economics and Business Research study shows that the only regions to escape the rise in unemployment will be the East of England, the West midlands and the North West. The research also found that the North East, Scotland, Northern Ireland and Wales will be hit hardest by rising unemployment.

The CEBR report went on to suggest that business in Scotland is being held back by the threat of independence, whilst the poor economy in the Republic of Ireland will harm employment in Northern Ireland.

David Cameron is keen to create more opportunities and he recently promised to invest nearly one billion pounds to create 37,000 jobs. For example, two new power stations in the North of England will create approximately 1,000 jobs in the construction sector and go someway towards alleviating the high unemployment rate in the region.

Nick Clegg, the deputy PM, has also said he wants to speed up planning permission for around 40 large infrastructure projects. Furthermore, the high-speed broadband project will generate a large number of jobs. Jeremy Hunt, the culture secretary, said the coalition wants 90% of the UK to have a 24 megabyte connection once the broadband project is completed.

Despite this positive news, an increasing number of full-time employees are suffering from stress due to a lack of job security. The problem is particularly bad in the public sector where 50% of employers have reported an increase in stress-related leave in the last 12 months.

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