Osborne: We’re committed to full employment

CHANCELLOR George Osborne yesterday committed to “fight for full employment”, arguing that tax cuts would boost the labour market.

Describing “full employment” as the highest employment rate in the G7, the chancellor emphasised welfare and education reforms, as well as lower taxes on businesses as ways to achieve the goal.

However, Osborne attacked plans “past and present” for the government to guarantee employment, hinting at Labour’s job guarantee and saying such policies are “doomed to fail”.

The Organisation for Economic Co-operation and Development says the UK is in the middle of G7 nations with 71.1 per cent employment, while Germany tops the table for jobs.