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Labour’s Suzy backs jobs guarantee

Politics / Thu 13th Mar 2014 at 12:28pm

Next Labour government will guarantee starter jobs for all young people out of work for a year says Suzy Stride.

Compulsory Jobs Guarantee will be in Labour’s election manifesto and funded for whole of next Parliament.

Every young person out of work for more than 12 months will be given a paid starter job which they will have to take up or lose benefits if Labour wins the next election. Suzy Stride, Labour’s Parliamentary Candidate for Harlow, has campaigned on this guarantee and is delighted to see the pledge today from Labour.

Under David Cameron’s government the number of young people aged 18-24 claiming Jobseeker’s Allowance for over a year has doubled – from 28,300 in May 2010 to 56,100 today.

Today’s announcement sets out for the first time that a Compulsory Jobs Guarantee will be in Labour’s manifesto next year and that it will be funded for the whole of the next Parliament – not just one year.

Suzy Stride, Labour’s Parliamentary Candidate for Harlow, said:

“It’s shocking that the number of young people stuck on the dole for more than a year has doubled under David Cameron. For tens of thousands of young people who cannot find work this is no recovery at all.

“We’ve got to put this right. So if Labour wins the next election we will get young people and the long-term unemployed off benefits and into work.

“The government will work with employers to help fund paid work with training for six months. It will mean paid starter jobs for over 50,000 young people who have been left on the dole for over a year by this government.

“But it will be a tough contract – those who can work will be required to take up the jobs on offer or lose their benefits. A life on benefits will simply not be an option.

“After the global banking crisis and with bank bonuses soaring again this year, it’s fair to pay for our jobs plan with a repeat of Labour’s tax on bank bonuses. We need a recovery for the many, not just a few at the top.

“As a country we simply cannot afford to be wasting the talents of thousands of young people and leaving them stuck on the dole for years on end. We can’t afford to fail the young people of Harlow like this. It’s bad for them, it’s bad for our economy and it’s bad for taxpayers who have to pay the bill.”

The Compulsory Jobs Guarantee will also apply to adults aged 25 or over claiming Jobseeker’s Allowance for two years or more and will be funded for the whole of the next Parliament by: a repeat of Labour’s successful tax on bank bonuses at the start of the next Parliament; and restricting pensions tax relief for people earning over £150,000 to the same rate as basic rate taxpayers.
The bank bonus tax will help to fund the first year of the Compulsory Jobs Guarantee when there will be a large number of long-term unemployed people to help and the changes to pensions tax relief will ensure an annual revenue stream to fund the policy throughout the next Parliament.

The Compulsory Jobs Guarantee is the only policy which will be funded by the bank bonus tax and the proposed changes to pension tax relief.

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