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News - 20 June 2014

Young jobless must train or lose benefits

 The labour party Leader, Ed Miliband, has said that unemployed aged 18-21 should get a means-tested "youth allowance" rather than Jobseeker's Allowance, if they train in key skills.

 
Mr Miliband said: "We need big, far-reaching reform that can reshape our economy so that hard work is rewarded again."
 
Mr Miliband will also propose an increase in Jobseeker's Allowance from £72 to £100 a week for those who had been in work for the previous five years - rather than the current two years.
 
Lavinia Newman, founder of ABDS comments:
“Speaking at the Institute for Public Policy Research (IPPR), a centre-left think tank, he promised "big changes, not big spending", with his plans not increasing the overall welfare budget.”
 
His proposed "youth allowance" - to be available to people who undertake training of AS-level or equivalent - is expected to be paid at the same £57 level currently given to under-25s on Jobseeker's Allowance.
 
Mr Miliband has already announced his party's "jobs guarantee" scheme, under which 18 to 24-year-olds out of work for a year will be offered a taxpayer-funded job for six months - with those who refuse losing benefits.
 
Conservative Party chairman Grant Shapps said Mr Miliband's welfare plans were a "recipe for more spending".
"This is just a recipe for more spending on welfare, more borrowing - and more taxes to pay for it. That's exactly how Labour got us into a mess in the first place.”
 
At the 2013 Conservative Party conference, PM David Cameron suggested benefits paid to people under the age of 25 could be cut in an effort to reduce long-term worklessness.
 
For those who are looking for a more personal approach on a range of business related issues, contact us at ABDS.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
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