The ONS has today published the latest Labour Market data. Commenting on the figures, David Frost, Director General of the British Chambers of Commerce (BCC), said: 

“Businesses are being increasingly forced against their will to let good staff go. Even with some staff accepting pay freezes and working fewer hours, it's clear that employers are facing serious financial pressures.

 "Unless banks start behaving more responsibly by unblocking credit markets, cash-flow will continue to be a major issue for UK firms. 

“After this week's second bailout, the government must get banks lending again if the tide of rising unemployment is to be pushed back.”