Brown Plans To Create 100000 New Jobs

A new plan for economic aid has been revealed by Gordon Brown. His proposed plan is quite similar to the New Deal programs in America during the 1930s. Unemployment will be managed through 100,000 new public works jobs. They will cover a number of projects. Efforts will be made to repair schools, add additional rail links, improve hospitals, and add new high-speed broadband to the country.

Environmental projects will receive investments too, with electric cars, wind power, and new wave power receiving new capital.

Brown also stated that efforts would be made soon to restart bank lending with the hope of preventing further job loss.

Brown is also considering an innovative plan for retraining that was used by Nissan to limit redundancies in their plants. The idea would involve government aid going to struggling firms so that workers could be kept on as part-time employees until they can be properly trained for another job. It is easy to draw connections between this new plan and Roosevelt's famous New Deal. This series of projects will create short-term jobs to limit economic pain while also working toward an environmentally friendly future. Brown has stated that his plan will be larger than the "Green New Deal" that Barack Obama has proposed if scaled to Britain's economy.

He has also denied any possibility for a second recapitalisation of the banking sector. Brown will be facing a number of challenges in securing jobs though. New estimates suggest that Britain could see a 10% unemployment rate by 2010. Retailers are already making plans to account for low December sales by cutting back on their workforces.

The details of the new plan would have a focus in a number of areas. New jobs in the various digital industries will be created in general. School repairs will account for 30,000 of the 100,000 jobs and will give much needed work to struggling construction firms. Brown personally sees that the addition of high-speed broadband to the country as the modern equivalent of Roosevelt's plan for highways and bridges.

There are 10 specific energy projects that Brown is already studying. This is calming to a number of environmentalists who feared that the recession would push green business to the bottom. He believes it is vital to restoring the environment and the modern economy.

Other efforts will be made to aid currently healthy companies. Brown is expected to announce new measures at a jobs summit to be held next Monday. He hopes to aid these solvent companies in gaining new credit from the recovering bank sector. This goes well with another plan to introduce a payment holiday plan to help the recently unemployed keep up with their mortgages. The individual lenders will ultimately decide on the policy though.

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