Let’s tax bank bonuses to fund jobs for young people

Monday, 24 March 2014
Mick Lerry
Cllr Mick Lerry “Tax bank bonuses to create jobs for young people”

Cllr Mick Lerry has called for a tax on bank bonuses to fund jobs for young people in Bridgwater and West Somerset Constituency. Under Labour’s Compulsory Jobs Guarantee, every young person out of work in, Bridgwater and West Somerset Constituency, for more than 12 months will be given a paid starter job, which they will have to take up or lose their benefits.

If Labour’s Compulsory Jobs Guarantee were introduced today 85 young people would benefit in Bridgwater and West Somerset Constituency and 2720 would benefit in South West region.

Under David Cameron’s government, the number of young people aged 18-24 claiming Jobseeker’s Allowance for over a year has doubled – from 28,300 in May 2010 to 56,100 today. Since 2010 in Bridgwater and West Somerset Constituency the number of long-term unemployed has gone from 15 to 85 in 2014.

‘Off benefits and into work’

Cllr Mick Lerry, Prospective Parliamentary Candidate for Bridgwater and West Somerset said: “Under David Cameron’s government too many young people in Bridgwater and West Somerset Constituency and the South West are struggling to find work and not seeing any economic recovery at all. 85 young people in the Constituency and 2,720 young people the South West would benefit from Labour’s Compulsory Jobs Guarantee if the policy were introduced today. Labour’s Compulsory Jobs Guarantee will get young people in Bridgwater and West Somerset Constituency off benefits and into work.”

Labour’s shadow Chancellor, Ed Balls said: “If Labour wins the next election we will get young people and the long-term unemployed in the Country off benefits and into work. After the global banking crisis and with bank bonuses soaring again this year, it’s fair to pay for our jobs plan by repeating Labour’s tax on bank bonuses. We need a recovery for the many, not just a few at the top.”

 

Cllr Mick Lerry – Leader of the Labour Group on Sedgemoor District Council

Labour Party Parliamentary Candidate for Bridgwater and West Somerset Constituency

Mobile 07775905080

Email michael.lerry@btinternet.com

 

One comment on “Let’s tax bank bonuses to fund jobs for young people

  1. Alan Bond

    While we keep increasing the retirement age we will have fewer jobs for youngsters. The way forward is to make sure that everyone pays their fair share of taxes, and that includes cameron’s big business cronies who are costing this country upwards of £70 billion a year. We can then start reducing the pension age to 60 for everyone. As it stands, we will have more and more ‘job-blockers’ working until they are 70 or even longer while youngsters have no jobs. What a way to run a country – they couldn’t organise a booze up in a brewery.