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| 20,000 jobs 'could go in 2009' | 20,000 jobs 'could go in 2009' |
| (10 minutes later) | |
| The employment minister has said 20,000 jobs could be lost in Northern Ireland over the course of 2009. | The employment minister has said 20,000 jobs could be lost in Northern Ireland over the course of 2009. |
| Sir Reg Empey said that governments across Europe have been underestimating the impact the credit crunch is having so far. | Sir Reg Empey said that governments across Europe have been underestimating the impact the credit crunch is having so far. |
| He says he expects the number of unemployed to reach as many as 50,000 by 2010. | He says he expects the number of unemployed to reach as many as 50,000 by 2010. |
| "Last year, we were were in low twenty thousands in terms of unemployment, I think that could double," said Sir Reg. | "Last year, we were were in low twenty thousands in terms of unemployment, I think that could double," said Sir Reg. |
| The UUP leader also said that he and the first and deputy first ministers are seeking a meeting with the Prime Minister to press him to think again about providing support for those who have lost savings in the Presbyterian Mutual society. | |
| Sir Reg pointed out that money belonging to other savers, even in offshore institutions, had been guaranteed and said the Executive was appealing to Gordon Brown's "sense of compassion". |