Unemployment among young people in Salford has increased by 10% in the last year and youth unemployment is set to reach a million nationally. It is vital that action is taken now to save the next generation from being jobless for many years.
We do not have to allow youth unemployment to keep increasing, wasting the skills and talents of our young people. Labour has put forward a five-point plan for jobs and growth with the first point being action on jobs for young people. We will tax banker’s bonuses to pay for 100,000 more jobs for young people nationally, which could mean hundreds of jobs for young people in Salford.
Labour’s plan would give a one year tax break to all those small firms who take on extra workers. We would also bring forward long-term investment projects on schools, roads and transport, to kick-start growth in the economy now.
Many families in Salford find it hard to manage since the Conservative-led Government raised VAT. Labour wants to see this damaging VAT increase reversed for a temporary period, which would mean a £450 boost for a couple with children. Families and pensioners would have more to spend, boosting business in our high streets and local stores. Homeowners and small businesses would also be helped if the Government made a one-year cut to 5% in VAT on home improvements, repairs and maintenance, as Labour are proposing.
The Government is trying to blame our problems on Europe and the situation there is serious. But the Government’s policies of cutting too far and too fast choked off any recovery and threw people out of work before the crisis in Europe took hold. We can start to change this by helping families and small businesses now and by getting more young people into work.