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Sustainable New Deal 'could create 800,000 jobs'

Published: Tuesday, 07 April 2009   Category: Public sector

A new £30 billion stimulus package has been called for by the Sustainable Development Commission (SDC) to help create thousands of new jobs, which could help graduates find work.

The figure is 50 per cent of the funds for a total recovery package for four per cent of the gross domestic product (GDP) and it is thought that it could be achieved through deficit spending, climate bonds and environmental taxation.

Producing financial returns in two or three years, the scheme is thought to be able to create 800,000 jobs in the new green sector for graduates and others.

Economics commissioner Tim Jackson, who co-authored the plan, said: "Only a commitment on this scale will ensure that the recovery will take the UK onto a globally-competitive low carbon pathway, rather than reverting to the unsustainable forms of growth which sowed the seeds of the current financial and climate crises in the first place."

Herman Miller director Mark Catchlove recently said that graduates were looking for more socially-responsible employers, which they may find in the green sector.


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