The Omnishambles continues – this time it’s jobs

When the Regional Growth Fund was unveiled Nick Clegg claimed that it would create 500,000 new jobs. Yet a scathing report from the National Audit Office says that it will only create 41,000 jobs. As Chuka Umunna said this morning:

“While Nick Clegg said the Fund would lead to half a million jobs, the report forecasts that it will create only up to 41,000 jobs, and many of them would have been created in any event without the RGF.”

Why don’t we look at the difference between those two numbers as a graph:

Under the RGF the cost per job is £33,000 – under Labour’s Future Jobs Fund (described by Cameron as as “expensive”), the cost per job was just £6,500.

More from LabourList

DONATE HERE

We provide our content free, but providing daily Labour news, comment and analysis costs money. Small monthly donations from readers like you keep us going. To those already donating: thank you.

If you can afford it, can you join our supporters giving £10 a month?

And if you’re not already reading the best daily round-up of Labour news, analysis and comment…

SUBSCRIBE TO OUR DAILY EMAIL