We know in our hearts that the furloughing cannot go on forever and as the economy recovers we also know that jobs that many people had in January are also not coming back, or at least not in that form.
And we know that that’s the biggest and most immediate economic challenge that we face.
On unemployment and the future for jobs now in this country, of course we face a real, real crisis and we have to deal with it.
But we are going to deal with it in the most energetic possible way.
Yet Johnson’s “deal” has been labelled “fraudulent” as it represents only 0.2 of the UK GDP which is about £75 per UK citizen.
FDR's New Deal: approx 40% of the USA's 1929 GDP. About $6395 per American (in 2020 $$)
Boris Johnson's New Deal:… https://t.co/6WvLR2NhOR
“There was nothing in the prime minister’s speech for the 3.2 million people in hospitality, or the 2.9 million in retail,” Starmer said at Prime Minister’s Questions.
“Next week’s financial statement could be the last chance to save millions of jobs. Will the prime minister start now by extending the furlough scheme for those parts of the economy still most at risk?”
Johnson refused to budge, insisting that the “best thing we can do is get the economy back to health by getting our people back into work”.
But what if there’s no jobs for them to go back to?