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. Anon E Mouse

    JoshC – Clearly you have no idea with economics and recessions.

    Then again you were probably one of the idiots that believed Britain’s worst chancellor and most unpopular Prime minister in history, Gordon Brown had ended Boom and Bust or that selling the gold at a historic low was a good thing.

    All that Will Straw has done here is to take a single point that may favour his position then argue it to death. The left always do it when faced with failure as Labour clearly are by the chancellor’s budget.

    “Boy George” has played a blinder and everyone knows it – that’s why Will isn’t discussing the points in his speech.

    Can there have been a single serious supporter of the Labour Party that wasn’t watching Ed Miliband’s response and realising he has as much chance of winning a general election as Elvis…

  2. Sean Gittins

    RT @leftfootfwd: Osborne buries bad news as OBR predicts extra 130,000 unemployed http://bit.ly/efWFuX reports @wdjstraw

  3. A reaction to the Osborne’s growth budget « Though Cowards Flinch

    […] As Will Straw spotted today “the OBR anticipates an additional 130,000 people will be unemployed in 2012.” Does the government expect SMEs to be able to cater jobs for all those extra unemployed people? […]

  4. Simon Landau

    I thought Mouse was just a Colonel Blimp figure harrumphing in his bath house. I was wrong. He thinks politics (like Giddy O.) is just about votes and the power to ride in ministerial cars. The point about the government’s policies is that they deliberately raise unemployment and cut the mass of people’s living standards. The government think it is a price worth paying and so does Mouse.

  5. Alastair Campbell

    RT @leftfootfwd: Osborne buries bad news as OBR predicts extra 130,000 unemployed http://bit.ly/efWFuX reports @wdjstraw

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