Osborne buries bad news as OBR predicts extra 130,000 unemployed

Green Politics

Ed Miliband's response to the Budget focused on the OBR's downgrading of growth figures. Osborne failed to mention that an additional 130,000 people will be unemployed in 2012.

Ed Miliband’s response to the Budget focused heavily on the OBR’s downgrading of the growth figures from 2.6% last June to 1.7% in the Budget. But Osborne failed to mention a further piece of bad news: the OBR anticipates an additional 130,000 people will be unemployed in 2012.

Table C2 of the June Budget estimated that the claimant count would be 1.5 million in 2011, 1.4 million in 2012, and 1.3 million in 2013. The revised figures in Table C1 of today’s Budget – reproduced below – estimate that the claimant count will be up 40,000 in 2011, up 130,000 in 2012, and up 130,000 in 2013.

Meanwhile, the ILO measure of unemployment jumps 0.2% in 2011, 0.5% in 2012, and 0.6% in 2013.

So much for a Budget for jobs and growth.

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98 Responses to “Osborne buries bad news as OBR predicts extra 130,000 unemployed”

  1. Daniel Pitt

    Thanks, Mr Osborne: 130,000 more unemployed http://bit.ly/g3B9Of #ConDemNation via @wdjstraw

  2. Mat Hill

    RT @psbook: 130,000 extra unemployed. Three cheers for Gideon! http://bit.ly/g3B9Of (from @wdjstraw)

  3. Mat Hill

    RT @psbook: 130,000 extra unemployed. Three cheers for Gideon! http://t.co/Fp9r3f1 (from @wdjstraw)< #ukpolitics

  4. Craig Cusack

    RT @psbook 130,000 extra unemployed. Three cheers for Gideon! http://bit.ly/g3B9Of (from @wdjstraw)

  5. Anon E Mouse

    jonnyprice – Absolutely correct on the cuts. In social services in South Wales there will be no cuts to children’s services and in fact no one actually knows of any real cuts – just speculative rumours and the unions trying to justify their existence by scare mongering.

    Thatcher claimed to be cutting public services and wasn’t and it seems to me that this is almost a rerun of the 1980’s.

    The unions will be shouting and marching. Labour will be becoming more and more desperate – especially with their flawed leader and the Tories will quietly preparing for the next general election as this budget shows…

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