Liberal Democrat Leader and Deputy Prime Minister, Nick Clegg, has announced a £1 billion pound Youth Contract to tackle youth unemployment, which aims to ensure that all jobless young people are earning or learning again before long-term damage is done.
In Luton 1705 18-24 year olds are currently in receipt of Jobseeker’s Allowance and would stand to benefit from the Youth Contract.
Starting next April, the Youth Contract will provide at least 410,000 new work places for 18 to 24 year olds. This includes 160,000 wage subsidies and 250,000 new work experience placements.
“In these difficult times Liberal Democrats are doing the right thing and making sure we help those who need it most,” said Luton Liberal Democrat leader councillor David Franks.
“The consequences of denying employment opportunities to18 to 24 year olds will be felt for decades afterwards, not just by the young people themselves but by the whole of our society. We need to ensure that the young people of today do not have a false start.
“The Youth Contract will help those who need it most through advice, support and training, by giving young people in Luton the experience necessary to make a successful start in their working lives.”
Deputy Prime Minister, Nick Clegg said:
“Youth unemployment is an economic waste and a slow-burn social disaster.
“We can’t lose the skills and talent of our young people – right when we need them most. We can’t afford to leave our young men and women on the scrap heap. We need the next generation to help us build a new economy.
“The aim of the Youth Contract is to get every unemployed young person working or learning again before long-term damage is done.
“This is a £1bn package and what’s different about it is that it gets young people into proper, lasting jobs in the private sector.”