Analyzing UK Government Strategies for Reducing Unemployment

This essay examines the multifaceted issue of unemployment in the UK, particularly in light of the Covid-19 pandemic's impact on the job market. It delves into several strategies that the UK government can employ to mitigate unemployment in the medium and long term. These strategies include reducing occupational immobility through targeted training and education programs, implementing benefits and tax reforms to incentivize employment, subsidizing the private sector to encourage workforce expansion, and developing a “Green Stimulus” jobs package to foster sustainable employment opportunities. The analysis references scholarly works that discuss the effects of labor and product market reforms, as well as the potential of green recoveries through public investment plans. This provides a comprehensive overview of potential policy interventions aimed at reducing unemployment in the UK.

Economics for Business

How can the
UK
government
reduce
unemployment
in UK in
medium and
long term?
Unemployment is said to people that are employable as well as actively seeking
an occupation but unable to find job (Hantzsche, Kara and Young, 2019). It is
people above particular age not being in paid employment or self-employment,
however, they are currently available for work in reference period. Covid-19
pandemic resulted to huge job crisis. Some of ways in which government of UK
can reduce unemployment within medium and long term are as follows:
 Reducing occupational immobility:
 Benefits and tax reforms
 Subsidising private sector workforce
 Developing “Green Stimulus” jobs package

References
 Duval, R. and Furceri, D., 2018. The effects of labor and product market
reforms: The role of macroeconomic conditions and policies. IMF
Economic Review. 66(1). pp.31-69.
 Geels, F. W., Pereira, G. I. and Pinkse, J., 2022. Moving beyond
opportunity narratives in COVID-19 green recoveries: A comparative
analysis of public investment plans in France, Germany, and the United
Kingdom. Energy Research & Social Science, 84, p.102368.
 Hantzsche, A., Kara, A. and Young, G., 2019. The economic effects of the
UK government's proposed Brexit deal. The World Economy. 42(1). pp.5-
20.