This report from UK think tank the Centre for Progressive Policy provides their quarterly levelling up outlook.
A year since the Tories swept to power on the promise of levelling up the country, a new report from the Centre for Progressive Policy suggests the UK faces a jobs crisis as bad as the 1980s when furlough ends in April.
The quarterly ‘levelling up outlook’ report, which tracks government’s progress against its key election pledges, suggests claimant counts could peak at 3.7 million next year, without a significant increase in job creation. Based on the number of new jobs available during the summer, which tracked at 35% lower than pre-Covid levels, CPP argues job creation prospects remain poor.
When it comes to mitigating the worst effects of the crisis and delivering on the levelling up agenda, the report suggests the ‘Green Revolution’ may merely be a drop in the ocean. The research reveals the government’s proposed 250,000 new jobs amount to an average of around 25,000 new jobs per annum, with the green economy set to account for between just one to two percent of total UK employment by 2030.
CPP argues instead for a practical, bottom-up approach to investing in jobs and businesses of the future. In an accompanying policy report ‘A gear change for growth: devolving industrial policy to help local economies thrive’, CPP identifies prominent, high growth, place-based industries, which could be nurtured through locally led strategies. This would allow local authorities to build back better and create new good jobs to make Britain fit for Brexit. The report identifies more than sixty opportunities for levelling up in places represented by a British BRICS (Blackburn, Rother, Inverclyde, Conwy and Stoke-on-Trent), spanning the length and breadth of the country.
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This event, hosted by UK think tank IPPR will how the government can deliver structural economic reform to build back…More Info