Cardiff…you’re fired!

On Radio 4 this morning there was more talk about green shoots. But as is always the case with recessions, unemployment tends to lag behind any upturn (and I am not convinced that it’s over yet). As if to illustrate the point, we learn today that in the three months to May 281,000 people have lost their jobs. To put this in perspective that’s equivalent to the entire City of Cardiff. To repeat Sir Alan’s weekly refrain: “Cardiff…you’re fired!”