THE LEX COLUMN: Business will share blame if Rishi Sunak’s UK jobs plan fails

“It was expensive, badly targeted and did not work.” Former UK prime minister David Cameron did not mince his words about the most recent youth employment scheme set up in a recession. That has not deterred the current Conservative government from the same gambit, only three times bigger. The success of the “kick-start” job scheme is far from assured. Business, which taxpayers have supported through the pandemic, will share the blame if it fails.

The £2bn initiative announced by chancellor Rishi Sunak on Wednesday will create six-month work placements paying the minimum wage for hundreds of thousands of people aged 16-24. Without this, youth unemployment is expected to reach record levels. Being out of work or education for six months or longer is debilitating. That is bad for the jobless — and for businesses that might otherwise employ them.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK hatches £30bn plan to save jobs and pump life into battered economyRishi Sunak gives tax cuts on home-buying and dining out, and a bonus for employers who retain staff
Source: BDliveSA - 🏆 12. / 63 Read more »

LETTER: Sanral R2bn could have bought face masksANC prefers to prop up failing businesses and programmes while some cannot afford protection
Source: BDliveSA - 🏆 12. / 63 Read more »

Game proposes job cuts as it plans new-look storesThe retailer wants to boost customer service staff and slash administrative personnel
Source: BDliveSA - 🏆 12. / 63 Read more »

An intrepid hack might come to love loathsome clichés, but never by forceA column to satisfy your inner grammar nerd
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Drum set to stop printing, Sunday Sun set to close as COVID-19 hits Media24Media24 announced on Tuesday that it was considering the closure of a number of magazines and newspapers, the consolidation of some business operations and unfortunately, job losses.
Source: ewnupdates - 🏆 30. / 53 Read more »

Massmart set to shed nearly 1 800 jobs at Game stores as Covid-19 hits retailMassmart which operates Makro, Cambridge Foods and Builders Warehouse said the planned jobs cut came after an assessment to improve efficiencies at the Game stores.
Source: IOL - 🏆 46. / 51 Read more »