Wrong time to cut youth employment programmes
The £6.2bn of spending cuts announced by the Government today are deeply worrying. With the UK economy and the economies of our trading partners in Europe so fragile, this is not the right time to be cutting back.
According to the Treasury document, the Government intends to save:
“£320m from ending ineffective elements of employment programmes, including ending further rollout of temporary jobs through the Young Person’s Guarantee (the ‘Future Jobs Fund’) and removing recruitment subsidies from the ‘Six-Month Offer’.”
If the UK starts drifting back into recession as a result of cuts, the deficit will only widen and the money markets will become even more panicked. Reducing investment in employment programmes for young people and regional development is particularly short-sighted at a time when the economy needs all the support it can get.
Cuts in local government budgets will particularly affect the most vulnerable who rely on social care and other important services.