The government will subsidise six-month work placements for people between 16 and 24, who are at risk of long-term unemployment, as part of a £2bn ‘kickstart scheme’ to create more jobs for young people.
The scheme will be announced by Chancellor Rishi Sunak on Wednesday (7 July) as part of a raft of measures to re-start the UK economy, which is expected to contract by 10% in 2020 as a result of the COVID-19 pandemic.
Vouchers worth up to £5,000 for energy-saving home improvements as part of a wider £3bn ‘Green Deal’ plan to cut emissions, and a new apprenticeship programme will be unveiled alongside a series of tax cuts designed to get Britons to spend.
The job market for young people has been particularly badly affected by the pandemic, with nearly 500,000 people under 25 signing up for government benefits in May – an increase of 250,000 since the lockdown started in March.
(Benjamin Fox | EURACTIV.com)