IFS: UK facing US-style jobless recovery - papers

Mike Dicks, chief economist at Barclays Wealth who wrote the IFS report, says: "The structural level of unemployment in the UK has gone up a bit. It could easily be as high as 8%." His warning will come as a blow to the Treasury, which expects unemployment to fall to 6.1% by 2015, the Telegraph reports. The IFS has also urged George Osborne to consider a ‘plan B' for the economy as fears of a double dip recession grow, according to the Daily Mail. BofE deputy governer warns interest rates may be raised The Bank of England may have to put up interest rates if the commodity price b...