Page last updated at 15:35 GMT, Monday, 10 January 2011

Duncan Smith predicts continued fall in unemployment

Work and Pensions Secretary Iain Duncan Smith has predicted that unemployment will fall "all the way through the rest of this parliament".

At question time on 10 January 2011, shadow work and pensions secretary Douglas Alexander said the Office for Budget Responsibility (OBR) had "revised up its unemployment forecast for 2011, 2012, 2013 and 2014".

He asked: "Doesn't this confirm that it is as a direct result of the government's macro-economic judgments that the unemployment here is now forecast to be longer and the unemployment bill forecast to be higher?"

Mr Duncan Smith said: "You seem to forget the financial situation we inherited from your government.

"I know it's an uncomfortable fact but the reality is we had a major recession, we are taking the decisions that are necessary to get this economy back on track.

"And if you look at the OBR forecast, you will see that we're going to be creating many more new jobs and that unemployment will be falling all the way through the rest of this parliament."

This parliament is set to run until the next general election on 7 May 2015.

SEE ALSO

Story Tools

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific