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.
Labour target 'jobs guarantee' at under-25s
The Labour jobs guarantee will focus on youth unemployment, the Shadow Secretary for Work and Pensions told Daybreak.
Rachel Reeves said the jobs guarantee will force under-25s who have been out of a year into a minimum wage job, but will only do the same for over 25s after two years on jobseekers allowance.
"We know that there are particular problems with youth unemployment. 20% of young people are out of work - much higher than for the population as a whole.
"And for young people what we hear time and again from them and from businesses, is that there is quite a risk - they haven't worked before.
"But that is not quite the same for older people, which is why we are targeting this scheme at younger people."
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.