News from Cass Business School

Cass Talks: Philip Booth on rising unemployment levels

Wednesday, 21 October, 2009

The third interview in the new Cass Talks podcast series has been published today and features Philip Booth, Professor of Insurance and Risk Management, on rising unemployment levels in the UK.

Professor Booth argues that in the 1990s recession, unemployment recovered very quickly and although the UK does not have the same problems as Germany and Spain in terms of employment protection legislation, the amount of regulation in general has increased dramatically in the last decade or so.  He says:

"This, combined with continued increases in the minimum wage and the huge increases in taxes that will be necessary to finance government spending, may well slow any decrease in unemployment as we come out of recession.  Indeed, before the financial crisis there had already been an increase in workless households, even though employment in general was rising."

Professor Booth established his reputation in actuarial science in the fields of investment, finance, social insurance and regulation. He also works as Editorial and Programme Director at the Institute of Economic Affairs.

Cass Talks is a series of free video and audio interviews uploaded weekly each Wednesday, presented by BBC Business Reporter and current Cass EMBA student, Alex Ritson.

The podcasts are an opportunity to hear Cass faculty give their perspective on current business and finance news stories, global issues affecting the business world and new research coming out of the School.

To subscribe to our podcast visit Cass Talks. You can also download the podcast from iTunes or your choice of software by following the links from the News and Events section of the Cass website.

You can also keep updated about Cass's media coverage by visiting our Twitter page

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