Saturday, 3 October 2009

Ministers fear recovery will fail to reduce unemployment

Ministers are urgently drawing up measures to try to prevent a "job-lite recovery" in which unemployment continues to rise even when the economy starts to grow again.

Official figures due out today are expected to show that unemployment has risen to about 2.5 million. There are growing fears that it will remain above two million by the end of 2010.

A Back to Work White Paper will be published alongside the pre-Budget report in November. Although the Chancellor, Alistair Darling, will spell out the first of the spending cuts promised yesterday by Gordon Brown, he is also expected to expand programmes to combat unemployment.

The White Paper will include new opportunities for the young jobless, to prevent the recession creating a "lost generation", help for older people who have been out of work for more than six months, those on long-term sickness benefits and the mentally ill, and a boost for childcare to enable more mothers to return to work.

Read more: http://www.independent.co.uk/news/uk/politics/ministers-fear-recovery-will-fail-to-reduce-unemployment-1787954.html

www.ukba.co.uk

1 comment:

Ralph Myers said...

If the government tries and succeeds in tempting business to employ more people than are needed they will risk damaging our competitive ability. I shall continue to assist my clients to work with an appropriate workforce.
Ralph Myers – Home Counties Business Advisors