VIEW FROM THE HOUSE

Buckinghamshire Advertiser - - OPINION -

There was pos­i­tive news once again for the Bea­cons­field con­stituency with the re­lease, in Oc­to­ber, of data show­ing that the num­ber of peo­ple claim­ing Job­seeker’s al­lowance was 358 in Septem­ber 2015. This is 111 lower than in Septem­ber 2014. The con­stituency’s em­ploy­ment is 617th high­est in the coun­try, out of 650 con­stituen­cies. Of the 18-24 age group, there are only 70 claimants, 15 lower than in Septem­ber 2014. Across the UK as a whole, fig­ures re­leased in Septem­ber showed there are 400,000 more peo­ple in work than there were a year ago. Nearly 90 per cent of the rise in em­ploy­ment over the past cal­en­dar year comes from full-time jobs.

The anal­y­sis of where the new jobs are be­ing cre­ated shows a record num­ber of peo­ple work­ing in the pri­vate sec­tor. Na­tion­ally, there are 450,000 more peo­ple in pri­vate sec­tor jobs than there were a year ago.

Since 2010, pri­vate sec­tor em­ploy­ment has risen by nearly 2.5 mil­lion. In our re­gion, the South East, the num­ber of such jobs in­creased by 186,000. I am very con­scious that a lot of my con­stituents com­mute daily to the cap­i­tal and thus the in­crease in the num­ber of jobs in Lon­don – by 607,000 – is also very sig­nif­i­cant for the Bea­cons­field con­stituency.

The re­wards of work have also in­creased, con­firmed by data news about rises in pay. Real pay (ex­clud­ing bonuses) rose by 2.9 per cent over the year. This is the fastest an­nual rise since 2002.

Over­all there is close to a record 31.1 mil­lion peo­ple work­ing in the UK, 80 per cent of whom are em­ployed in pri­vate sec­tor jobs. The UK has ex­pe­ri­enced the largest rise in em­ploy­ment of any of the G7 na­tions. It is a re­mark­able turn­around.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.