Credit Crunch Sparks Redundancy Fears

The unsettled economic situation in Britain has left 13% of British workers facing redundancy worries, according to a report by the Trades Union Congress (TUC).

On relation to a national scale, the survey means that more than 3.3 million workers fear losing their jobs. Workers in Wales seem to be the least confident, as 20% feel that they could face redundancy in the next year.

TUC general secretary, Brendan Barber, said: “These poll findings show just how many people are getting worried about losing their job in the current economic slowdown. Of course this does not mean that unemployment will rise by anything like three million, but it does show just how jittery people have become about the economy and their own job.”