Osborne Deficit Push Risks Economy's Staying Power, IPPR Says
- Think tank says chancellor should do more to invest in skills
- Autumn Statement and Spending Review published Nov. 25
This article is for subscribers only.
George Osborne’s continued austerity push isn’t boding well for the U.K. economy’s staying power, according to a report by the Institute for Public Policy Research.
As countries across Europe try to shake off the effects of the recession and prevent permanent damage to their labor markets, the institute says the chancellor of the exchequer needs to do his part and invest more in improving skills. According to its research, there are “deeply alarming” prospects that unemployment, underemployment and inactivity risk becoming permanent characteristics across the European Union.