Published: 1st Mar 2021

The chair of the House of Lords’ economic affairs committee has warned the government is ‘sleepwalking into unemployment crisis’. In a letter to chancellor Rishi Sunak, Lord Forsyth of Drumlean express his disappointment at the Treasury’s failure to engage seriously with the committee’s recent report, Employment and COVID-19: time for a new deal. The report, which was published in December, urged the government to focus on creating new jobs. In particular, it called on ministers to introduce a new job, skills and training guarantee, available to every young person not in full-time education or employment for one year. The letter comes as the chancellor prepares to deliver his next Budget later this week (3 March). ‘After a lengthy inquiry, our cross-party, evidence-based report set out a blueprint for a new economic plan for an investment-led recovery,’ said Lord Forsyth. ‘We set out a substantial body of evidence on the urgent need for … (To read the full article, subscribe below)