Unemployment
(asked on 14th June 2018) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government how much has been saved to the public purse through reducing unemployment since 2010.
This question was answered on 28th June 2018
The unemployment rate currently stands at 4.2% and today there are 609,000 fewer jobseeking claimants than in 2010.
As a result, the government is forecast to spend £2.6 billion pounds less on benefits for jobseekers in 2018-19 than in 2010-11.
There are also likely to be indirect effects on the public purse from reduced unemployment since 2010, for example through increased tax receipts. HM Treasury has not made a detailed assessment of this.