Unemployment: Youth Unemployment

Lord Dobbs Excerpts

Monday 18th November 2013 Lords Chamber

[Lord Freud]

My Lords, I am counting inactive people in the figures I am using, which are the best ones available. Clearly, under the previous Government many people were put in government training schemes and were not counted. We can play with numbers as much as we like but I am not playing with numbers—I am giving a very clear, long-term run of the most important set of figures on how we handle the structural problem of youth exclusion from the labour market.

[Lord Dobbs (Con)]

My Lords, it is said that on a clear day some people in this Palace can see as far as Croydon. Will the Minister raise the sights of this House and get it to look as far, perhaps, as Greece or Italy, where the promise that unemployment could be solved by huge amounts of public debt has led not only to disaster but almost to despair? Does he accept that burying a future generation of our children in huge public debt is not only inept and does not solve the problem but, frankly, is immoral?

[Lord Freud]

My Lords, my noble friend underlines our problem in his question. We have got to get this economy out of the mire of running a deficit of more than £100 billion every year so that it is rebalanced and we are economically self-sufficient within this generation. If we are not and we go on borrowing to the extent that we can, the people who pick up that tab will not just be our children but our grandchildren and our great-grandchildren. That is not something we should want to leave to future generations.