Every job lost and every redundancy is a matter of regret and sadness for us all. That is why we will do everything in our power to help people who have been made unemployed back into work. We may not be able to help them to keep their existing jobs, but we will help them to get new jobs. That is why the latest measures that we have taken include help for people in work, help for people to move into work, and help for people to get new skills for work. That is what we should do to help people as we take them through this difficult time.
I believe that the indication that President Obama has given in the past few days that he will take the fiscal stimulus action that we have taken, and action in relation to banks in the way that we have done, shows that the world can work together to deal with the problem. The one thing that President Obama did not say in his speech yesterday was, "Fellow Americans, let's do nothing."
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