day. thank you for coming up again. un secretary general has stressed the need for unity amidst geopolitical divisions among climate and political turmoil. what with the major themes that spell for you on day one? themes that spell for you on da one? . , my day one? that precisely it. it was climate day one? that precisely it. it was climate change, - day one? that precisely it. it was climate change, it - day one? that precisely it. it was climate change, it was l was climate change, it was poverty, inequality. those were the themes we have heard come out in the speeches during the general debate here at the un general assembly here in new york today. 140 world leaders on hand and many of them stressed these topics is the most desroches they are phasing and for some countries the most intractable, but deliver those countries on the global south. you mentioned the un secretary general, antonio guterres, who doesn t seem to think global solutions can be found to these probl
In cash terms and grow reasonable spreading at 1% a year in real terms in the three years that follow. although departments will have to make efficiencies to deal with inflationary pressures in the next two years this decision means overall spending on public services will continue to rise in real terms for the next five years. before i turn to our plan for schools and the nhs, i start with two other areas of spending. the department for work and pensions has a critical role in supporting people into work and i am proud to live in a country with one of the most comprehensive safety nets anywhere in the world. but i am also concerned we have seen a sharp increase in economically inactive working age adults of around 630,000 people since the start of the pandemic.
Cuts. the pound has strengthened and the obr says today the lower interest rates generated by the actions of the government already benefiting our economy and public finances. mr speaker, credibility cannot be taken for granted. yesterday s inflation figures show we must continue a relentless fight to bring it down, including a rock solid commitment to rebuild our public finances. richard hughes and his team at the obr today layout starkly the impact of global headwinds on the uk economy. i am enormously grateful to him and his team for the thorough work. the obr forecast uk s inflation rate to be 9.1% and 7.4% next year. they confirm our actions today help information to full sharply from the middle of year stop they also judged
Employment levels have yet to return to pre pandemic levels which is bad for businesses who cannot fill vacancies and bad for people missing out on the opportunity to do well for themselves and their families. so the prime minister has asked the work and pensions secretary to do a thorough review of issues holding back workforce participation, to conclude early in the new year. alongside this i am also committed to helping people already in work to raise their incomes, progress work and become financially independent so we will ask over 600,000 more people on universal credit to meet with a work coach to get the support they need to increase their hours or earnings. i also decided to move the managed transition people from employment and support allowance on to universal credit to 2028 and will
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