Wednesday, September 14, 2011
Where will the investment come from?
Reducing corporate tax rates and the creation of new enterprise zones to boost job creation are an "inadequate response" to the ongoing jobs crisis, according to the report by the Institute for Public Policy Research (IPPR). Ahead of fresh unemployment figures on Wednesday, the analysis warns there is "little evidence" the private sector will pick up the slack from public sector job losses in the next four years. But the report calculates that between 1.5m and 2m jobs need to be generated to return the UK to its pre-recession employment rate of 73pc. The current level is 70.7pc.