Wes Streeting proposes targeted National Insurance cut to tackle youth unemployment
By
Damian Grammaticas
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
Wes Streeting has proposed a targeted reduction in employers' National Insurance contributions to address rising youth unemployment among NEETs (young people not in education, employment or training). The suggestion follows a review by Alan Milburn on the growing number of young people out of work or education. Streeting argues that the government needs to make it easier and less risky for businesses to hire young people, signaling a potential policy shift as he distances himself from Keir Starmer's current government approach.
Key quotes
· 2 pulledWe have to make it easier for business to employ young people and for businesses to take that risk on someone.
I think we should be thinking actively about how to incentivise, whether that's through targeted reduction in employers' National Insurance or other kinds of recruitment and retention.
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