More people are in work than ever before and the FTSE was up 500 points on where it closed at the end of 2012. Yet we are teetering on the brink of a triple-dip recession. Something just doesn’t add up and maybe the Chancellor’s Budget next month might just give us the answer.
In years to come will I be recalling the details to my grandchildren of the day I sat a few feet away from the Prime Minister this morning, as he mapped out ‘once and for all’ the future relationship between the UK and the rest of Europe? Only time will tell on that one.
Doug Richard’s long-awaited report into apprenticeships could have been written by me, or I suspect any other employer who truly understands the benefits to businesses, individuals and the economy of quality workplace training.
Right now, as we finally seem to be emerging from recession, we are perhaps more reliant on entrepreneurs than any time in recent history.
Employment levels maybe stabilising, but youth unemployment remains high and is one of the biggest threat to the UK economy’s future. We have to give them the skills for the future because if we don’t charge our economic batteries by training young people now they’ll go flat. Without skilled people powering our economy, we won’t have the energy to drive the country forward.
I’ve been calling for a government-backed business lending bank for ages so you will forgive me if I’m now becoming a little frustrated that, after such a promising announcement, the actual details of how it will work, who will be eligible, and even how much money it will have to lend out, are still not available.
If the Olympic motto was ‘inspire a generation’, the motto of the unemployment figures published today should be ‘invest in a generation.’
The Bank of England reckons the economy will be flat lining again with its growth forecast being cut to close to zero. It has fuelled debate for new measures to stimulate the economy, but what happened to all the cash that has already been thrown at the banks to get the country moving again?