Labour plans to use bankers’ taxes to create jobs for young Scots
26 March 2015
Scottish Labour leader Jim Murphy plans to use new taxes imposed on bankers’ bonuses to create job and training opportunities for young Scots.
Thu, 26 Mar 2015
Scottish Labour leader Jim Murphy plans to use new taxes imposed on bankers’ bonuses to create job and training opportunities for young Scots.
Murphy unveiled his ‘Scottish jobs guarantee’ during a speech in the City of London yesterday [25 March].
According to a copy of his speech obtained by Recruiter, he said the guarantee, worth £1bn, would help 5,000 young people within its first year.
It includes a job guarantee for all young people at risk of long-term unemployment; free travel for apprentices to help them get to work, potentially benefiting up to 40,000 young people; £100m investment in colleges; £37m to deliver free tuition; £1k bursaries for poor students.
In addition, for 18 and 19-year-olds not in university, college or an apprenticeship, the Labour party plans to invest £1.6k in a “future fund”.
The fund could be used for training, work tools, driving lessons or courses.
“We believe that those young people who don’t go to university deserve the same kind of investment as those who do,” Murphy said.
The guarantee also includes £500 for every business that hires a young person, to help cover the cost of associated admin and training.
Scottish Labour leader Jim Murphy plans to use new taxes imposed on bankers’ bonuses to create job and training opportunities for young Scots.
Murphy unveiled his ‘Scottish jobs guarantee’ during a speech in the City of London yesterday [25 March].
According to a copy of his speech obtained by Recruiter, he said the guarantee, worth £1bn, would help 5,000 young people within its first year.
It includes a job guarantee for all young people at risk of long-term unemployment; free travel for apprentices to help them get to work, potentially benefiting up to 40,000 young people; £100m investment in colleges; £37m to deliver free tuition; £1k bursaries for poor students.
In addition, for 18 and 19-year-olds not in university, college or an apprenticeship, the Labour party plans to invest £1.6k in a “future fund”.
The fund could be used for training, work tools, driving lessons or courses.
“We believe that those young people who don’t go to university deserve the same kind of investment as those who do,” Murphy said.
The guarantee also includes £500 for every business that hires a young person, to help cover the cost of associated admin and training.
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