Thursday, 09 September 2010

Where will two million new jobs come from?

We have been told by the Government that despite the cuts we can expect a recovery with two million new jobs created over the next five years.

As the details of the cuts come in and the number of job losses in the public sector are revised up to 600,000 job losses with a consequent loss of 700,000 jobs in the private sector it’s looking less and less likely that these jobs are going to materialise.

Where are they going to come from?

In the last recovery the jobs were in the public sector and obviously that won’t be the case here.

We are told about lost contracts in construction, the scrapping of a scheme to build 700 schools and a reduction of capital spending in local authorities so construction jobs aren’t going appear.

The lost spending power will prevent jobs in retail emerging. Just about any industry that sells to the public sector will be affected as the recent loss of £200m worth of IT contracts demonstrates.

If the coalition were serious about creating work, ways to do so might be a massive house building programme or the creation of one million green jobs instead of cuts likely to kill the recovery stone dead.

DANIEL THORBURN
Upperby
Carlisle

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