» Thursday, November 5, 2009
Economy
Asked why the Prime Minister’s suggestion that 500,000 jobs had been saved by Government initiatives did not tally with the Treasury’s estimate, the PMS said that the methodology used called the Roma and Bernstein Method, was consistent with methods used by the OECD and International Labour Organisation. The rounding up of these figures was considered to be entirely consistent with that practice.
Since the figure was conveyed, it was quite clear that a lot more jobs had been saved as a result of the G overnment’s economic policies.
Asked whether the economic recovery was still a long way off after the Bank of England’s latest round of quantitative easing, the PMS said that these issues were a matter for the Bank of England and he pointed people towards the exchange of letters between the Chancellor and Governor of the Bank of England.
Briefing took place at 15:45 | Search for related news
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