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Reply #11: Clegg: 1bn scheme will 'provide hope' to young jobless [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 06:40 AM
Response to Reply #7
11. Clegg: 1bn scheme will 'provide hope' to young jobless
http://www.bbc.co.uk/news/uk-politics-15878796

Deputy Prime Minister Nick Clegg says a 1bn plan to provide subsidised work and training placements will "provide hope" to thousands of young people.

The youth contract scheme will give employers subsidies worth 2,275 to take on 160,000 18-to 24-year-olds, for six months, over three years.

Youth unemployment hit 1.02 million in the three months to September.

Labour questioned how it would be funded, following reports that working tax credits were to be squeezed.
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