McFadden's £1B Plan: Jobs for 200K Young People

0:00On March 15th, work and pension secretary Pat McFadden is launching a £1 billion plan to get 200,000 young people into jobs, or apprenticeships. He's making it clear to labor MPs that the government must push forward with welfare changes after putting them off for too long. New numbers show a big jump in young people, age 16 to 24, who are not in school, work, or training, with nearly 1 million affected in recent months. The portion reporting health problems that blockwork has climbed from 26% to 44% over the past decade. These trends hit hard, especially since under 25s on sickness, benefits now have lower job chances than those over 55 in poor health. Mental health issues and autism account for most cases among jobless youth. To fight back, the plan offers employers a £3,000 grant for hiring 18 to 24-year-olds plus £2,000. 4. Young apprentices at small firms. It also extends job guarantees to all under 24s and shifts more apprenticeship spots to younger workers.

1:05Meanwhile, critics from the opposition say Labor's tax hikes and new rules are scaring off businesses from hiring youth, calling for support that. Let's companies grow instead of funding handouts. This push aims to reshape opportunities before long-term damage sets in.