Below is the text of the comments made by Anneliese Dodds, the Shadow Chancellor of the Exchequer, on 7 July 2020.
This report indicates the enormous long-term costs of mass unemployment to the UK economy. If the Conservatives are serious about adopting Labour’s calls for a focus on ‘jobs, jobs, jobs’, they urgently need to change tack.
The Government must abandon their ‘one-size-fits-all’ approach to withdrawing the Job Retention and Self-Employment schemes, and develop support for jobseekers using examples like Labour’s Future Jobs Fund.
They must also increase their ambitions for supporting infrastructure beyond the largely reannounced projects promoted by the Prime Minister last week, which amounted to a tenth of Germany’s package.