What More Could The Government Do To Protect The Labour Market In 2020?
Tuesday, 06 October 2020, 17:00 - 18:00
The Covid-19 pandemic has put huge strains on our labour market. Our research tells us that redundancies are at their highest level since records began in 1995. In the three months leading up to October 2020, 370,000 people were made redundant, a figure larger than at the peak of the financial crisis. Of these, 300,000 job losses have taken place in the hospitality industry, and to which the UK is unusually exposed compared with other European economies. The CSJ also believes that unemployment is likely to hit 2.6 million by the middle of 2020, or 7.5% of working age people. The OBR’s “downside” scenario would see unemployment peak at 11% in the first quarter of 2022.
This paints a bleak picture, and so the CSJ invited the panellists to discuss what more the Government could do to protect the labour market in 2020. During this event, the panel will discuss crucial questions, such as:
- The implications of coronavirus on employment
- Moving forward, what should the jobs growth strategy look like?
- How will this strategy help the poorest in our society?
- How does the levelling up agenda need to change to take account of the Coronavirus pandemic?
Chair: Edward Davies
Edward is the Policy Director at the CSJ.
Mims Davies MP
Mims Davies is the Minister for Employment in DWP
Rt Hon Sir Iain Duncan Smith MP
Sir Iain Duncan Smith MP is the former leader of the Conservative Party and former Secretary of State for the Department of Work and Pensions
Mercy Muroki is a senior researcher at the CSJ. She has lived experience of Universal Credit and was a contributor to the CSJ’s Universal Support paper
Nick Fletcher MP
Nick Fletcher MP is a British Conservative Party politician and businessman who became an MP in the 2019 general election.