Employment: Job Creation Debate

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Department: Department for Work and Pensions

Lord Pearson of Rannoch

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Employment: Job Creation

Lord Pearson of Rannoch Excerpts

Schools: Special Measures
Wednesday 16th December 2015

(9 years, 2 months ago)

Lords Chamber
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Lord Pearson of Rannoch Portrait Lord Pearson of Rannoch (UKIP)
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My Lords, is not the deeper point that the EU is in long-term economic decline? According to the IMF, the EU produced 30% of the world’s GDP in 1985, which will have fallen to 15% by 2020. So would not our employment prospects be much better if we got off the Titanic and traded freely with the markets of the future?

Lord Freud Portrait Lord Freud
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I am not sure that the noble Lord has caught up with what has been happening in the world in the last year or so, when the developing world has fallen apart.

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