Britain's Job Revival: Alison McGovern's Vision for Employment Boost
Britain plans to revive active job market policies, reminiscent of past Labour governments, to boost employment and reduce inactivity. This effort, led by new employment minister Alison McGovern, aims to elevate Britain's employment rate to 80%. The government will publish a legislative proposal soon, emphasizing job placement and training services.
Britain is set to rejuvenate active job market policies similar to those of previous Labour governments, aiming to enhance employment and decrease inactivity, according to new employment minister Alison McGovern.
Taking office in July after Prime Minister Keir Starmer's Labour Party's landslide victory, McGovern emphasized the need to restore Britain's international labour market standing. As reported by OECD data, Britain was the lone G7 economy with reduced employment and increased inactivity rates by the end of 2022.
Labour aims for an unprecedented 80% employment rate, up from the current sub-75%. McGovern believes that reinstating public-funded job placement and training services, pivotal in the '90s and post-2008 crisis, is key. The Department for Work and Pensions will soon detail its legislative agenda. Earlier Labour policies, like Blair's 'New Deal' and the Future Jobs Fund, serve as templates. McGovern notes the necessity of right-timed responses while leveraging historical successes.
(With inputs from agencies.)
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