Right now, youth unemployment is at worryingly high levels with almost a million young people unable to find a job. Yet the Government is completely failing to take the necessary action to help create jobs for our young people and stop Britain’s talent going to waste.
The worldwide recession, caused by the irresponsible actions of the banks, meant youth unemployment rose sharply, but a year ago, thanks to the Future Jobs Fund it was starting to fall steadily.
One of the first things the Chancellor George Osborne did last year was to scrap this Fund and abolish a guarantee of work or training for every 18-24 year old unemployed for six months. There are now 31,000 more young unemployed than last summer.
Failing to get Britain back to work fast enough is helping to push up the benefits bill by over £12 billion – that is £500 for every household in Rother Valley. We need to act now to stop another lost generation of young people – like in the 1980s when youth unemployment rose for four years after the recession was over.
That is why I am supporting a campaign that is calling on the Government to repeat last year’s tax on bankers’ bonuses and use the money raised to help create up to 100,000 much needed youth jobs, including over 8,000 in Yorkshire & the Humber. Such a £2 billion tax could also help build more affordable homes and support small businesses.
I look forward to voting for this proposal when it comes to Parliament.