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Employment

Volume 716: debated on Tuesday 5 January 2010

Question

Asked by

To ask Her Majesty's Government further to the Written Answer by the Chief Secretary to the Treasury, Mr Liam Byrne, on 11 November (HC Deb, col 591W), how many net additional jobs have been created, as opposed to supported, by their stimulus measures. [HL241]

The fiscal stimulus taken forward by the Government in the 2008 Pre-Budget Report and Budget 2009, along with the Bank of England cutting interest rates and embarking on quantitative easing, has supported the economy and meant that employment is now substantially higher than it would otherwise have been.

Unemployment has also increased by a significantly smaller rate compared to output than during the 1990s.

The Government have directly taken steps to provide 170,000 jobs through the Future Jobs Fund. Jobs will last for six months, and will target young people and those in areas hardest hit by the downturn.