Wednesday 21st January 2015

(9 years, 3 months ago)

Lords Chamber
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Lord Freud Portrait Lord Freud
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My Lords, the trouble with Labour plans in this area is that they are extraordinarily expensive. The Future Jobs Fund, on which some of them are based, cost 20 times what Work Experience costs—and that produces just as good results. We cannot afford to have these artificial job creation schemes: we want real jobs in the real economy, and I am pleased to say that we now have the highest level of private sector employment that we have ever had.

Lord Dobbs Portrait Lord Dobbs (Con)
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May I take this opportunity to apologise to noble colleagues on the Labour Benches, because a little while ago, on the subject of unemployment, I suggested that Labour Governments always end office with unemployment higher than when they went in? Is my noble friend aware that, according to the Office for National Statistics, since the war every Labour period of government has indeed ended with more people out of work? Is he further aware that those same statistics show that every Conservative Government have ended their period of office with more people in work? May I apologise to those on the Labour Benches for not having made that point clear enough in the first place?

Lord Freud Portrait Lord Freud
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I am very pleased to answer my noble friend’s question. I was aware of those figures, and they underline the point: it is how you run the economy effectively that drives the employment figures, not how you manipulate those figures later with odd schemes.