Tag: Philip Hammond

The chancellor boasts of good news, but the Brexit effect is plain to see
Unemployment

The chancellor boasts of good news, but the Brexit effect is plain to see

I, meanwhile, am at my most positively Tigger-like today.” Labour’s numbers, he said, were the product of a “briefing from Russia Today.” It is easy to see why Mr Hammond was in a good mood.
The OBR expects public borrowing over the next four years to be £145bn ($200bn), £12bn less than was predicted last November.
Britain’s ratio of public debt to GDP is now expected to be lower next year than it was in 2016.
Since becoming chancellor in July 2016 Mr Hammond has resisted growing calls, including from within his own Tory party, to ramp up spending on things like local government and welfare.
Low unemployment, as well as Britons’ willingness to take on debt, has also increased consumer spending, which explains why VAT revenues have also been strong.
On the same day that Mr Hammond delivered his statement, the OECD club of rich countries forecast that this year Britain will have one of the slowest-growing economies in the G20.
Brexiteers had hoped that a strong global economy and weak currency would produce an export boom.
The government now hopes to do this by the mid-2020s.
What is needed in the long term are higher taxes to combine high-quality public services with sustainable public finances.
Unless Mr Hammond does the same, few Britons will smile with him.

Philip Hammond causes storm with remarks about disabled workers
Unemployment

Philip Hammond causes storm with remarks about disabled workers

Play Video 1:15 Disability charity Scope called on Philip Hammond to withdraw his “totally unacceptable and derogatory comments” after he said Britain’s sluggish productivity could partly be blamed on more disabled people in the workforce .
At first, he responded saying that high levels of unemployment, particularly youth unemployment, “will be felt for many many years to come”.
He then added: “It is almost certainly the case that by increasing participation in the workforce, including far higher levels of participation by marginal groups and very high levels of engagement in the workforce, for example of disabled people – something we should be extremely proud of – may have had an impact on overall productivity measurements.” Anna Bird, the director of policy and research at Scope, said: “These comments are totally unacceptable and derogatory.
They fundamentally undermine the government’s policy to get more disabled people into work, and the ambition set out by the prime minister just a week ago.” She added: “The chancellor must urgently withdraw them and offer a full apology.” There are 7 million people of working age in the UK who have a disability, or health condition but only 47.6% of disabled adults are employed, compared with 79.2% of non-disabled people, the latest figures show.
This is despite the law being clear that people with disabilities should not be discriminated against when seeking employment.
On Twitter, he said: “Chancellor just linked low productivity growth to the labour market and specified the increased employment of disabled people.
“My experience of employing disabled people is that they are brilliant employees.
The chancellor’s comments are ignorant.” (@Marshadecordova) Shocking that Philip Hammond is trying to blame disabled people for low productivity!
Disabled people contribute enormously and disability employment gap has barely changed since productivity started to stall.
Disgusting scapegoating!

Philip Hammond blames low productivity on disabled workers
Unemployment

Philip Hammond blames low productivity on disabled workers

Toby Melville/Reuters Philip Hammond called “ignorant” after suggesting low productivity rates were because of more disabled people working.
The chancellor told the Treasury Select Committee that more disabled people working “may have had an impact” on productivity.
The chancellor told MPs at the Treasury Select Committee that “very high levels of engagement in the workforce” of disabled people “may have had an impact on overall productivity measurements.”
Labour MP John Mann, a member of the committee, said the remarks were “appalling” and “ignorant” in a tweet.
Chancellor just linked low productivity growth to the labour market and specified the increased employment of disabled people.
The chancellor’s comments are ignorant.”
The fall came despite more people being in work and working more hours.
The government aims to get one million more disabled people into work over the course of a 10-year plan, halving the difference between employment rates for disabled and non-disabled people, which stood at 32% in 2016.
Labour’s shadow disabilities minister Marsha de Cordova tweeted that it was “shocking that Philip Hammond is trying to blame disabled people for low productivity! “Disabled people contribute enormously and disability employment gap has barely changed since productivity started to stall.