Labour pledges jobs guarantee 'throughout next Parliament'
Labour's flagship jobs guarantee would be in place throughout the next Parliament, paid for by a bankers' bonus tax and a squeeze on high-earners' pension pots, the party said.
How Labour's flagship jobs pledge would work
- Under-25s living off Jobseeker's Allowance for over a year, would have to chose between a taxpayer-subsidised job for six months or lose their benefits.
- Employment will be provided by firms and voluntary sector groups for 25 hours' every week, for six months and the national minimum wage.
- The Government will pay the wages and employers' National Insurance.
- Another £500 per employee would be supplied towards training - which would be compulsory for participants - and administration costs.
- Labour said only firms that could show they were not using the scheme to replace existing workers or reduce their hours would qualify for funding.
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