The latest UK unemployment figures have revealed mixed news with unemployment down by 65,000, but this may be due to the sticking plaster of hosting the Olympic Games, and the total of long-term unemployed is now at 441,000, the highest it has been since 1997.

These are figures that are a prime example of the chequered reports that the UK continue to receive as it attempts to revive itself out of a double dip recession.

Both the International Monetary fund (IMF) and auditors Ernst a...

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