Spring Forecast

Greg Smith Excerpts

Tuesday 3rd March 2026 Commons Chamber

[Rachel Reeves]

It was a real honour for me to be able to visit my hon. Friend’s constituency and see the Type 31 frigates being built there. This Government are investing in defence, and in the skills of our young people so that they can get the jobs in these expanding sectors—unlike the SNP Government in Scotland, who are not investing in our young people. Too many defence companies are having to bring in labour from abroad because of the SNP’s dislike of defence spending.

[Greg Smith (Mid Buckinghamshire) (Con)]

For all the Chancellor’s words about forecasts, reality bites when the real unemployment figures are examined. The figure today is 5.2%, the highest since the pandemic, and youth unemployment is at a considerable high. Instead of relying on forecasts that are never, ever right, should we not be asking how many more people need to lose their jobs, and how many more young people need to go without one, before the Chancellor accepts that it is her policies that are not working?

[Rachel Reeves]

The previous Government presided over a 113,000 increase in the number of young people not in education, employment or training, and the number of youth apprenticeships was cut by 40%. Why does the hon. Gentleman think that unemployment among young people is a challenge? It is because of the decisions that the previous Government made. That is why we are putting more than £800 million into a youth guarantee, it is why we are putting more money into further education—which his Government failed to do—and it is why we are expanding the number of youth apprenticeships. We recognise there is a challenge. The difference between our Government and the hon. Gentleman’s is that we are doing something about it, and they never did.