Richard Lambert, in his last major speech as CBI director-general in January, rebuked the coalition government for its lack of focus on job creation and for so far failing to articulate in big picture terms its vision of what the UK economy might become. Lambert rightly emphasises the need to create jobs, now. Youth unemployment is pushing one million, the highest since records began in 1992. It is almost a daily occurrence to hear one local council or another announce large-scale redundancies, as Manchester, Liverpool, Hampshire and Norfolk have all done over the last few weeks. And there is as yet little evidence that leaving it to the private sector, itself under pressure, will fill the gap. There is also a need to focus on creating jobs in those places that need them the most. Economically, some parts of the country are faring much worse than others. Over four-fifths of … (To read the full article, subscribe below)
Nicola Steuer is programme director at the New Economics Foundation.
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