PBR youth unemployment measures will help avoid a lost generation
We were glad to see the extension of the Young Person’s Guarantee (the guarantee of a job, work placement or training for any 18-24 year old out of work for at least six months) in today’s Pre-Budget Report. It shows that the Government has learned the lessons of previous recessions and is taking decisive action to prevent another ‘lost generation’ of young people.
The promise of a new bursary scheme for graduate interns is good news – but the Government also needs to do more now to crack down on unpaid internships, which violate minimum wage regulations.
Whilst the young have been hit hardest by the recession, support is needed across all age groups. The measures to help older people back into work will reduce pensioner poverty and help to retain the skills and experience that our economy desperately needs. We’re going to continue to press the Government to extend job guarantees to all unemployed workers.
More investment is still needed to get unemployment falling again. But at a time when the Government is under intense pressure to cut spending, these measures do recognise the fact that unemployment is the number one issue facing ordinary people.