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Employment expected to rise by 400,000 in 2013

Private businesses will create 3.1m more jobs by 2019, the OBR says. Credit: PA Wire

George Osborne says employment is expected to rise by 400,000 in 2013. Unemployment is forecast to fall from 7.6% this year to 7% in 2015 and 5.6% by 2018.

The Office for Budget Responsibility forecasts that private businesses will create 3.1 million more jobs by 2019, more than offsetting reductions in public sector workforce.


  1. National

Britain's economic plan 'working but the job is not done'


Millions in Wales will have to wait longer to retire

Osborne announces his statement later today Credit: PA

People in Wales have been warned they'll have to wait longer to collect their state pension as George Osborne prepares to deliver his latest Autumn statement - an assessment of the state of Britain's economy.

According to Government sources, people in their 40s will have to wait until 68 to retire, while those in their 30s will have to wait another year until they are 69.

News of the increase came after Mr Osborne last night announced a further £3billion spending squeeze over the next three years.

He is due to deliver his full statement to the House of Commons at 11:15 GMT.

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UK government must 'change tack'

"People have had enough and as was showed at the People's Assembly on Saturday when over 4,000 trade unionists, anti cuts campaigners, pensioners, students, etc came together in London to call for action against government policies, we are now prepared to take the next step to demonstrate we are determined to force the UK government to change tack."

– Ramon Corria, Cardiff Trades Council
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