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Former Minister says lost of jobs could have spiraling downward effect.

Former Minister says lost of jobs could have spiraling downward effect.

NEWS GRAPHIC 15We are in a situation where we are losing jobs quickly and it can lead to a spiraling downward effect. This is according to Former Minister Vasant Bharath.

He said that the Government had to arrest the present situation or risk dire consequences. He stated that people were losing jobs and if the Government simply continued to cut expenditure then that would lead to more job cuts.

Bharath made the comments on the Power Breakfast Show on Power 102.1fm today.

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He also articulated that there things that the Government could do to arrest the problem. He said that one thing the Government could do was look at the county’s foreign exchange.

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Using UDECOTT as an example he said that he did not agree with putting anyone on the breadline.

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Former Minister Vasant Bharath.

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