Government’s wage subsidy creates 21,000 jobs for youth
22 July 2013
The Department for Work & Pensions is hailing a drop in youth unemployment as data released today shows its wage subsidy for firms taking on workers aged 18-24 has created 21,000 “job commitments” for young people.
Mon, 22 Jul 2013
The Department for Work & Pensions (DWP) is hailing a drop in youth unemployment as data released today shows its wage subsidy for firms taking on workers aged 18-24 has created 21,000 “job commitments” for young people.
Employment minister Mark Hoban says: “Any money which is not claimed in wage incentives will be reinvested in other programmes to help young people into work.”
He also comments: “We have vigorously promoted the wage incentive to employers, and the response has been increasingly positive. But we’ve always been clear that we’d listen to employers and see how the policy is working.”
Mike Cherry, the national policy chairman at the Federation of Small Businesses (FSB) has come out in support of the wage subsidy, point to members’ research showing that it “is the single most important thing the government can do get small firms to take on more employees”.
A similar measure was announced in the Chancellor’s Budget in March this year, applicable to all workers regardless of age, which the FSB and others in the business community also welcomed warmly.
The Department for Work & Pensions (DWP) is hailing a drop in youth unemployment as data released today shows its wage subsidy for firms taking on workers aged 18-24 has created 21,000 “job commitments” for young people.
Employment minister Mark Hoban says: “Any money which is not claimed in wage incentives will be reinvested in other programmes to help young people into work.”
He also comments: “We have vigorously promoted the wage incentive to employers, and the response has been increasingly positive. But we’ve always been clear that we’d listen to employers and see how the policy is working.”
Mike Cherry, the national policy chairman at the Federation of Small Businesses (FSB) has come out in support of the wage subsidy, point to members’ research showing that it “is the single most important thing the government can do get small firms to take on more employees”.
A similar measure was announced in the Chancellor’s Budget in March this year, applicable to all workers regardless of age, which the FSB and others in the business community also welcomed warmly.
