All posts tagged: youth unemployment

Labour could pay parents already on benefits extra cash | Politics | News

Labour could pay parents already on benefits extra cash | Politics | News

The Labour leadership have allowed benefits to get out of hand (Image: Getty) The Labour Party is considering paying families on benefits hundreds of pounds-a-month to urge their children to start apprenticeships. It comes as the Government’s work tsar Alan Milburn has warned that the benefits system is holding back teenagers from working because of perverse incentives. Mr Milburn revealed that almost one million young people are not in education, employment or training (Neets), making a reset “absolutely essential”. He also shockingly revealed: “For every £25 that we spend keeping young people on benefits, we spend only £1 helping them get into work through employment support.” Ministers fear families on welfare were discouraging their teenage children from leaving full-time education and taking up apprenticeship courses because they would lose handouts such as child benefit and parts of universal credit. In the worst-case hypothetical scenario found by the social security advisory committee, a single parent whose disabled child was the last person on the benefit claim would receive £339 a week less if the teenager started …

Rachel Reeves makes disastrous move – Britain risks summer of violence | Personal Finance | Finance

Rachel Reeves makes disastrous move – Britain risks summer of violence | Personal Finance | Finance

Attacking the winter fuel payment within weeks of the election triggered a humiliating U-turn. Talking down the state of the UK economy to justify a brutal tax blitz in her maiden Budget was another disaster, crushing economic sentiment at a stroke. When it came, her Budget was a betrayal, hitting us with £40billion of taxes, far above the £8.5billion floated during the election. Reeves then faced another climbdown as her plan to trim the ballooning welfare bill was shot down by Labour backbenchers. Since then, the missteps have kept coming, including last year’s chaotic second Budget, which pushed the total tax take towards £70billion. Farmers, small businesses and working taxpayers have all taken a beating. Of all Reeves’s errors, I reckon the most damaging came in her first Budget. Loading an extra £25billion onto employers’ National Insurance costs has triggered a jobs bloodbath. The Chancellor saw it as an easy revenue grab, but her ‘jobs tax’ has triggered an economic and social disaster that could scar Britain for a generation. Reeves keeps claiming she’s “restored …