Written question asked by Gemma Doyle (Labour) on Wednesday, 18 April 2012, in the House of Commons. It was due for an answer on Tuesday, 24 April 2012. It was answered by Chloe Smith (Conservative) on Tuesday, 24 April 2012 on behalf of the Treasury.

Unemployment

Question: To ask the Chancellor of the Exchequer what assessment he has made of the Office for Budget Responsibility's most recent forecast of levels of unemployment in 2012.

Answer: The Office for Budget Responsibility published the official forecast for UK unemployment on 21 March 2012, taking full account of Budget announcements.This forecast was broadly unchanged since the autumn statement, with unemployment expected to fall back from the start of 2013 as growth picks up.Since the autumn statement 2011, the Government have taken important steps to support private sector job creation and reduce unemployment. The £20 billion National Loan Guarantee Scheme launched last month will help smaller business across the UK access cheaper finance, and the £1 billion Youth Contract went live this month, providing employment and education opportunities for up to half a million young people.

Secondary information

Type: Written question
Reference: 104810; 543 c838W
Session: 2010-12
Question not reached: Yes
Subjects: Unemployment
Link: View this Written question on www.publications.parliament.uk

Unemployment

Secondary information

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