The unemployment statistics published this week are the clearest proof yet that the Government’s economic decisions to cut too far and too fast are hurting and not working.
Whilst unemployment is now higher than at any point since 1994 and youth unemployment higher than ever, here in the Rother Valley there are ten people chasing every job.
We now need a change of direction and a plan for jobs and growth to get our area moving again. We need to get people back to work and off benefits, or the scar of unemployment will do long term damage. At the moment we are stuck in a vicious cycle, with more people on benefits and out of work the deficit is harder to get down.
The Government should introduce a £2 billion tax on bank bonuses to fund 100,000 jobs for young people and build 25,000 more affordable homes. I would also like to see them bring forward long-term investment projects (schools, roads and transport) and reverse January’s damaging VAT rise for a temporary period. These moves would help get people back to work, as well as assisting struggling families and pensioners.
A one year national insurance tax break for every small firm which takes on extra workers, would also aid small businesses, strengthening our economy for the future.