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Wednesday, 16 November 2011

Another lost generation?

The Minister for Employment speaks on a journey of no hope

Continually blaming the previous Government for the crisis the bankers left us in is wearing a bit thin so now it is the fault of the eurozone. Commenting on the unemployment figures, Chris Grayling the Employment Minister said, "These figures show just how much our economy is being affected by the crisis in the eurozone. Our European partners must take urgent action to stabilise the position."

His BBC2 'Newsnight' performance in front of a group of unemployed youngsters last night offered no encouragement. With the prospect of youth employment exceeding one million (realised in this morning's figures) an increase in apprenticeships was one crumb offered despite the scheme being discredited in a news story on Sunday. 

The most significant effect of cutting public sector employment so far has been to reduce the tax intake while increasing the amount needed for benefits plus letting into the country an unknown number of undesirables because of a shortage of immigration control staff to deal with lengthy queues. Gone is the rosy picture of the private sector mopping up people made redundant although for many that was always a puzzle when unemployment was already high.

With the Bank of England reducing growth forecasts the outlook for the young unemployed is dire and especially so for graduates who have left university with massive debts to repay - provided they ever earn enough to repay their loans. Without growth the outlook is grim with the prospect of another lost generation. It is no good simply waiting for others to provide a stimulus. An impotent Government serves none of us.

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