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  • 1 day ago
Chancellor Rachel Reeves has announced new plans aimed at eliminating youth unemployment. Under the plans, every young person in receipt of universal credit for 18 months without "earning or learning" will be guaranteed an offer of paid work and risk losing their benefits if they turn this down. Ms Reeves said this is about "matching people to jobs that are available" and "skilling people up".
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00:00Well there are hundreds of thousands of vacancies in the economy and we've got
00:04one in eight young people not in education, employment or training. That is
00:09a terrible waste of their talent and their potential and we know it scars
00:13them for the rest of their lives. If you are out of work early in what should be
00:18your working life you're more likely to suffer other bouts of unemployment, earn
00:23less and also suffer from mental health challenges as well and so this is about
00:28matching people to jobs that are available and also skilling people up and
00:31I put money in the spending review into skills and apprenticeships and we want
00:35those to work for young people so that they're not languishing on benefits but
00:39actually contributing.
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