Without government intervention, unemployment could rise over 2.1mn and account for almost 10% of the workforce, IPPR has warned.
On 2 July, the think tank published a report, Transforming the Economy after Covid-19: A clean, fair and resilient recovery, which set out how greater investment in a green recovery and clean, low carbon jobs – noted as being the “best way” to boost the economy – could create 1.6mn new jobs over the next decade. This would include 560,000 jobs from improving the energy efficiency of homes, such as heat pumps and district heating, and building new zero-carbon social housing.
IPPR added that should the government take such an approach, it would have strong public support. Citing research carried out on its behalf from Savanta ComRes, it found that 74% of UK adults agreed the government should spend more on action which will address climate change and protect the environment, with similar support (76%) recorded for low cost loans or grants to households to support the installation of home insulation.