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Firms to be paid to hire unemployed young people
The UK government pledges £1 billion to create 200,000 jobs and offers £3,000 bonuses to firms hiring youth unemployed for six months or more.
- On Monday, Work and Pensions Secretary Pat McFadden announced the Youth Jobs Grant, a government scheme designed to create 200,000 jobs for young workers across Britain.
- The initiative addresses youth unemployment hitting its highest level in 11 years, with nearly one million young people not currently in education, employment, or training.
- Businesses will receive £3,000 for hiring young people unemployed six months or more, while small and medium firms get £2,000 for every new apprentice taken on.
- The Conservatives criticized government policies for "disappearing" work opportunities, though McFadden insisted youth unemployment is a "long-term problem" unrelated to Labour's current policies.
- Prime Minister Sir Keir Starmer stated the reforms aim to close the skills gap, with proposals expected to support 60,000 people across the nation.
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DWP confirms plan to offer employers £3,000 to hire young workers in £1bn youth jobs drive
The Department for Work and Pensions (DWP) has confirmed it plans to pay out up to £3,000 to employers in hospitality and retail for each young person they hire as an apprentice
·London, United Kingdom
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The Independent (US)
UK government to launch £1bn plan to tackle youth unemployment
The £1billion package is due to be laid out on Monday, with the government aiming to create 200,000 jobs
·London, United Kingdom
Read Full ArticleBritain To Invest 1.3 Bl Dollars To Tackle Youth Unemployment
Britain's government is set to invest 1 billion pounds to help create 200,000 jobs to tackle youth unemployment, which is at a 10-year high. The post Britain To Invest 1.3 Bl Dollars To Tackle Youth Unemployment appeared first on StratNews Global.
Coverage Details
Total News Sources12
Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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