Live updates

Lamont 'not uncomfortable' with employment pledge

Former Conservative chancellor Norman Lamont has told ITV News he is "not in any way uncomfortable" with George Osborne's comments that mass unemployment would never be a price worth paying.

Lord Lamont famously said in 1991, "Rising unemployment and the recession have been the price that we've had to pay in order to get inflation down, but that is a price worth paying".

Osborne: Creating public sector jobs 'doesn't work'

The Conservative government won't seek to lower the unemployment rate by creating "artificial" public sector jobs, which ended up destroying employment as public spending spiraled out of control, says George Osborne.

Chancellor of the Exchequer George Osborne chats with a docker. Credit: Chris Radburn/PA Wire

"You end up with more people unemployed instead of less. Then the politicians who make these guarantees get into a panic. So unemployed people are pushed on to sickness benefits to hide the real numbers," he said.

Read more: Osborne: Tory government targets 'full employment'

Advertisement

Osborne: 'Ambition for highest employment rate in G7'

George Osborne has stated that it's his ambition for the UK to have the highest employment rate than any G7 country.

He also stated in his recent speech that the Conservatives are aiming for "full employment" in Britain.

Osborne: UK should aim for highest employment rate

George Osborne stated that it is his commitment to fight for full employment in Britain, during a speech today.

He said:

When Winston Churchill was PM; they set the first commitment to full employment.

(Yet) attempts past and present by governments "guarantee" a job to every person are doomed to fail.

– George Osborne

There is no reason why Britain shouldn't aim to have the highest employment rate of any of the world’s leading economies.

To have more people working than any of the other countries in the G7 group.

That’s my ambition.

– George Osborne

In his speech Osborne said he wants the UK to be the best place in the world to "create, find and keep jobs" as well as improving schools and reforming welfare.

Cutting tax for businesses as well as "building new roads and railways", with an emphasis on becoming a "world leader in science".

That is what I mean when I say that we are going for Full Employment.

– George Osborne

Osborne commits to 'fight for full employment' in UK

George Osborne has stated in a speech that a Conservative government will "work towards full employment" for Britain, which includes cutting taxes for businesses and hard working people.

Osborne: 'Biggest tax cuts in two decades'

British workers and businesses are to benefit from the "biggest tax cuts" to personal and business taxes in "two decades", says George Osborne.

Chancellor of the Exchequer George Osborne during his visit to the National Graphene Insitute. Credit: Lynne Cameron/PA Wire

He also said the benefit system will be more affordable and fairer, with Britain creating jobs faster than almost any country in the world.

Advertisement

Unite 'may consider strike action' over Royal Mail cuts

The Unite union has said it will consider strike action if there are compulsory redundancies included in the 1,600 job losses.

First the Government sells off Royal Mail on the cheap and now the newly privatised service is ruthlessly sacrificing jobs.

We do not believe that it's a coincidence that this announcement has been made just before the company prepares to announce its first full set of accounts since privatisation.

For all that Royal Mail managers have been through they do not deserve to be treated in this way.

Unite is demanding a commitment to no compulsory redundancies on fair terms and an effective method for redeployment within the restructured organisation.

If Royal Mail refuse, we will have no alternative than to consider a ballot for industrial action.

– Brian Scott, Unite's Royal Mail officer

Royal Mail job cuts 'could save £50 million'

Royal Mail says it will see an overall reduction of 1,300 jobs. Credit: Andrew Milligan/PA Wire

Royal Mail has said that it is starting consultations with unions to cut 1,600 jobs in a move which the company hopes will save £50 million.

In a statement Royal Mail said that around 300 "new or enhanced" roles would be created meaning a loss of 1,300 jobs.

Load more updates