View more on these topics

PBR: Darling increases support for unemployed

Chancellor Alistair Darling said money generated from the one-off levy imposed on bank bonuses over £25,000 will help the unemployed back to work.

Speaking during his pre-Budget report, Darling said the one-off levy on bonuses over £25,000 will help fund those out of work to find work, as well as help the young into work.

Darling also said that Government will inject extra investment for every 16 and 17 year old who wants to stay in education and training from September 2010.

He said: “Three million people have been helped off the claimant count over the last year but despite this support there are groups that need more help.

“Our package of support for the young already includes a place for every 16 and 17 year old in education and training. I intend to provide funding so this guarantee will be available to school leavers again next September.” 

He also said the Government will halve the time it takes to help any unemployed person under the age of 24 find work or training from 12 months to six. He said: “From next month no one under aged 24 needs to be unemployed for longer than six months  before being guaranteed work or training.

“Promoting employment has always been, and remains a top priority for this Government.”

However, Shadow Chancellor George Osborne said rather than use a levy to fund unemployment, he said: “What we need is a real plan to get the UK back to work.”

Instead of promoting employment, Osborne said Labour has set higher taxes, higher taxes on jobs, higher interest rates and has ultimately turned its back on enterprises.  

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Darling is a tube!!!

Leave a comment