It is good news that the labour market is inching in the right direction and that youth unemployment is falling. However, latest forecasts from the Office for Budget Responsibility suggest that unemployment will peak at 8.2% which may mean further job losses in the medium term.
Small firms are key to hiring the economically inactive - an area in which unemployment rose by 60,000. Small firms that want to expand and take on more staff need an extra incentive. Extending the national insurance contributions holiday to all micro firms across the whole of the UK would be a good starting point. This would help to create an additional 45,000 jobs while adding £1.3 billion to GDP.
More top news
The Clipper Round The World Yacht Race is due to begin in London today from St Katherine's Dock.
Once a year W11 comes alive with the colour of carnival. Everything you need to know about getting around and what to see in Notting Hill.
People should only be allowed to move freely within the EU if they have a job waiting for them, the Home Secretary has said.