🚨 NEW 🚨 750,000 viable jobs are unnecessarily put at risk by Sunak’s #budget2021
A stimulus half the size it needed to be + lack of a follow-up work support scheme post furlough in September means unemployment could rise to 2.7 million by this time next year 1/4
In his budget Rishi Sunak should have “boosted it like Biden” to secure a strong and sustainable recovery
A big stimulus would prevent such a steep rise in unemployment by delivering higher public investment, more jobs, stronger public services and providing targeted support 2/4
Public investment after the #budget will remain below 3% of GDP, while it could have been raised to 5% - which would have created jobs and gone further towards reaching the UK's climate targets 🌿🚅🚲🌳 3/4
“The chancellor had an opportunity to use bold public investment to drive a bounce-back. What he actually set out is not enough to restore the UK economy to pre-pandemic levels and puts 750,000 jobs unnecessarily at risk" says @GeorgeDibb 4/4 ippr.org/news-and-media…
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