A good jobs recovery: Labour market support to stem the unemployment tide
The coming wave of unemployment is likely to hit those already struggling to stay afloat hardest, risking many more people being swept into poverty and deeper hardship. Government should continue to take bold and compassionate action at the Comprehensive Spending Review and Autumn Budget.
An ambitious plan is needed to deliver a good jobs recovery and the ‘Right to Retrain’ manifesto commitment to support workers' transition into new opportunities.
Recommendations for the Comprehensive Spending Review and Autumn Budget
- Deliver a new generation of good jobs by resolving the funding of adult social care to unlock more than 600,000 jobs by 2035; bringing forward £9.2 billion of investment for energy efficiency improvements; and reducing Employer National Insurance Contributions to stimulate private-sector employment.
- Delivering the ‘Right to Retrain’ commitment to support people to transition into new good jobs by creating a ‘New Deal for Adult Education’ worth £7 billion and delivering targeted employment support for those struggling to stay afloat.
- Take urgent action to prevent long-term unemployment by allowing furloughed workers who lose their jobs to access employment and training support immediately and introduce a Hiring Credit worth £3,000 for firms taking on people who have been out of work for more than 12 months.
- Provide additional support to level up the weakest economies with an ambitious UK Shared Prosperity Fund worth £14 billion.