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of public subsidy, they will be a climate disaster and the there is better alternative available. it is by embracing that change, plans for public stakes and the transition to green steel, for renewable, storage for nuclear, that is where the future is and the number ofjobs that will be created is in excess of the jobs there, that will be created is in excess of thejobs there, but that will be created is in excess of the jobs there, but those people will continue to work there until 2050. at the same time the jobs being created, the roles will be the same. electricians and engineers and people who bel required in this this area, we are trying to get the balance right. we are being proportional. we are looking what the is the biggest opportunity for the is the biggest opportunity for the uk. if the is the biggest opportunity for the uk. , ., ., the uk. if you are getting it right wh are the uk. if you are getting it right why are you _ the uk. if you are getting it right why are you causing _ the uk. if you are getting it right why are you causing alarm - the uk. if you are getting it right why are you causing alarm in - the uk. if you are getting it right| why are you causing alarm in that sector, can you be clear what the policy would be, you wouldn't grant any new licenses if you win the election but you wouldn't stop any existing projects under way. that election but you wouldn't stop any existing projects under way. existing pro'ects under way. that is exactl the existing projects under way. that is exactly the position _ existing projects under way. that is exactly the position so _ existing projects under way. that is exactly the position so we - existing projects under way. that is exactly the position so we will- existing projects under way. that is exactly the position so we will not i exactly the position so we will not grant further licences but we won't
potential risk, despite the other rewards and for me, perhaps the biggest _ rewards and for me, perhaps the biggest nightmare is the looming new industrial— biggest nightmare is the looming new industrial revolution. the displacement of millions of workers, the loss— displacement of millions of workers, the loss of— displacement of millions of workers, the loss of huge numbers ofjobs, the loss of huge numbers ofjobs, the need — the loss of huge numbers ofjobs, the need to prepare for this new industriai— the need to prepare for this new industrial revolution in skill training _ industrial revolution in skill training. and relocation that may be required _ training. and relocation that may be required and already industry leaders — required and already industry leaders are calling attention to those — leaders are calling attention to those challenges. to quote chatgpt, this is— those challenges. to quote chatgpt, this is not— those challenges. to quote chatgpt, this is not necessarily the future that we — this is not necessarily the future that we want. we need to maximise the good _ that we want. we need to maximise the good over the bad. congress has a choice _ the good over the bad. congress has a choice now. we have the same choice _ a choice now. we have the same choice when rees faced social media. we failed _ choice when rees faced social media. we failed to see that moment. the resuit— we failed to see that moment. the result is— we failed to see that moment. the result is predators on the internet, toxic— result is predators on the internet, toxic content, exploiting children,
of people from europe, poland, latvia, good workers, and it has made me a better person because i've been able to learn about their culture and different religions and it's all a bit working together and supporting each other and having good workers. 50 supporting each other and having good workers-— supporting each other and having good workers. so it's that as well? the enrichment _ good workers. so it's that as well? the enrichment argument? - good workers. so it's that as well? - the enrichment argument? definitely, the end of the — the enrichment argument? definitely, the end of the day _ the enrichment argument? definitely, the end of the day it _ the enrichment argument? definitely, the end of the day it makes _ the enrichment argument? definitely, the end of the day it makes us - the end of the day it makes us understand what's going on around us. there's always plenty ofjobs, if people are looking for a job around ourarea, if people are looking for a job around our area, the company is always willing to take people on, it has posters outside, asking people to apply forjobs, giving phone numbers and there is plentyjobs for people. numbers and there is plenty “obs for --eole. ., ., numbers and there is plenty “obs for neale, ., ., y., i numbers and there is plenty “obs for| people.— i do people. helena, what you think? i do totally agree- — people. helena, what you think? i do totally agree. don't _ people. helena, what you think? i do totally agree. don't want _ people. helena, what you think? i do totally agree. don't want anyone - people. helena, what you think? i do totally agree. don't want anyone to l totally agree. don't want anyone to sit there _ totally agree. don't want anyone to sit there and — totally agree. don't want anyone to sit there and think _ totally agree. don't want anyone to sit there and think we _ totally agree. don't want anyone to sit there and think we should - totally agree. don't want anyone to sit there and think we should not. sit there and think we should not have _ sit there and think we should not
i'v e made me a better person because i've been able to learn about their culture and different religions and it's all a bit working together and supporting each other and having good workers. 50 supporting each other and having good women-— supporting each other and having good workm— supporting each other and having good workers. so it's that as well? the enrichment _ good workers. so it's that as well? the enrichment argument? - good workers. so it's that as well? - the enrichment argument? definitely, the end of the — the enrichment argument? definitely, the end of the day _ the enrichment argument? definitely, the end of the day it _ the enrichment argument? definitely, the end of the day it makes _ the enrichment argument? definitely, the end of the day it makes us - the end of the day it makes us understand what's going on around us. there's always plenty ofjobs, if people are looking for a job around ourarea, if people are looking for a job around our area, the company is always willing to take people on, it has posters outside, asking people to apply forjobs, giving phone numbers and there is plentyjobs for people. numbers and there is plenty “obs for --eole. ., numbers and there is plenty “obs for --eole. . ., numbers and there is plenty “obs for neale, ., ., y., i numbers and there is plenty “obs for| people.— i do people. helena, what you think? i do totally agree- — people. helena, what you think? i do totally agree. don't _ people. helena, what you think? i do totally agree. don't want _ people. helena, what you think? i do totally agree. don't want anyone - people. helena, what you think? i do totally agree. don't want anyone to l totally agree. don't want anyone to sit there _ totally agree. don't want anyone to sit there and — totally agree. don't want anyone to sit there and think _ totally agree. don't want anyone to sit there and think we _ totally agree. don't want anyone to sit there and think we should - totally agree. don't want anyone to sit there and think we should not. sit there and think we should not have _ sit there and think we should not have himm _
the challenge is this: loads of employers, not least in farming, are struggling to recruit. at least partly because unemployment is very low, so some say they need to hire immigrants to help keep their businesses going. there are simply not enough people unemployed to do the number ofjobs that are available within the sector right now. so, that means immigration? that is the logical conclusion? it certainly does. last year, to put it into context, we wasted £60 million worth of fruit and vegetables. are we going to have a realistic immigration policy here, whereby we look what our economy needs and what the people of this country needs? there aren't enough people unemployed to do these jobs. and listen to this, the labour leader exasperated at what he sees as the government commentating on its own failure. suella braverman, the home secretary, is today making a speech about what she thinks ought to happen on immigration. she is the home secretary. they have been in power for 13 years.
there is no good reason why we can't train up enough truck drivers, butchers, fruit pickers, builders or welders. and it is not xenophobic to say that mass and rapid migration is unsustainable in terms of housing supply, public services, or community relations. met supply, public services, or community relations. net migration is the number _ community relations. net migration is the number of _ community relations. net migration is the number of people _ community relations. net migration is the number of people coming - community relations. net migration l is the number of people coming here minus those leaving. for years conservative government promised to get it below 100,000 a year, but they failed. the number did plummet during the pandemic, but has since rocketed. the challenge is this. loads of employers, not least in farming, are struggling to recruit, thatis farming, are struggling to recruit, that is partly because unemployment is very low, so some say they need to hire immigrants to help keep their business is going.- to hire immigrants to help keep their business is going. there are siml their business is going. there are simply not _ their business is going. there are simply not enough _ their business is going. there are simply not enough people - their business is going. there are - simply not enough people unemployed to do the number ofjobs that are available within the sector right now. 50 available within the sector right now. ,, ., ., available within the sector right now. ., ., , available within the sector right now, ., ., , ., .,
the number did plummet during the pandemic, but has since rocketed. the challenge is this. loads of employers, not least in farming, are struggling to recruit, that is partly because unemployment is very low, so some say they need to hire immigrants to help keep their business is going. there are simply not enough people unemployed to do the number ofjobs that are available within the sector right now. so that means immigration? that is the logical conclusion? it certainly does. last year, to put it into context, we waited £16 million worth of fruit and vegetables. —— we wasted £60 million worth. are we going to have a realistic immigration policy here whereby we look upon our comity and what it needs and what the people of this country needs? there are not enough people to do this job. and listen to this, the labour leader exasperated as what he sees is the government commentated on its own failure. suella braverman, the home
to come in to fill that gap while that british company trains up a british person, correctly ooh yes, it's a balancing. but the numbers will up, then. no, because over time, you will train up your local capacity and they will take over. but the numbers will go up, and eventually... i don't think you can say that. how do you feel 165,000 social care vacancies? you have got to look sector by sector, and have the workforce plan, and as that kicks in, you will have and as that kicks in, you will have an increase in the number ofjobs being given to local people, and a decrease in migration. {lister being given to local people, and a decrease in migration.— decrease in migration. over time. and of course. — decrease in migration. over time. and of course, another— decrease in migration. over time. and of course, another big - decrease in migration. over time. and of course, another big piece i decrease in migration. over time. i and of course, another big piece of this as we got 7 million people on the nhs waiting list. 2.5 million people on long—term sick. so there are huge opportunities to bring people who are in this country now, wanting to work, who are economically inactive because of the abject failure of the conservative government to manage this economy properly. 50. government to manage this economy --roerl. government to manage this economy --roerl . ,, ., government to manage this economy --roerl. ,, .,
rises. what would you like to see the bank rises. what would you like to see the itank of _ rises. what would you like to see the bank of england _ rises. what would you like to see the bank of england too, - rises. what would you like to see the bank of england too, as i rises. what would you like to see the bank of england too, as they| the bank of england too, as they have very few tools at their disposal?— have very few tools at their disosal? ,., ., ., ,., _ disposal? their boxed into a policy envelo e, disposal? their boxed into a policy envelope. and _ disposal? their boxed into a policy envelope, and this _ disposal? their boxed into a policy envelope, and this is _ disposal? their boxed into a policy envelope, and this is the - envelope, and this is the frustration of the matter. the feeling is that the bank does not want to embed inflation, by not offsetting the public sector wage claims are the strikes, but what is interesting is that the people who are being affected by these policy decisions, you would think they would be nailed on for a conservative mindset going forward. public servants, people with mortgages... as you have been showing on your cupboard already, these aren't people that have gambled recklessly, or whatever. they are people whose outgoings are fixed, people who are not massively going to swing in and out ofjobs in pursuit of pay rises, and a household in which you have, god forbid, one or two public—sector workers on a variable rate mortgage,
the us will default to not pay their bills and it would lead to economic ruin, leading to stock markets plummeting and millions ofjobs are predicted to be lost at that employees will not get paid a much more. what is interesting is the polls suggest that americans are divided on who they are to blame if the us does default. it would not necessarily be president biden he gets a criticism. some blame the republican party and this would play into the president's hans, who has accused the republicans are being a party of extremists who do not know how to govern, one of the central messages for his re—election campaign. politically, the stakes are high for both sides. nomia iqbal in washington there. now this is all causing further stress for the us economy, dealing with regional banking turmoil as lenders fall foul of interest rates that have gone from near zero last year to 5 percent last week. joining me now is steven blitz, chief us economist at analysts ts lombard.