Best thing we can offer young people is a job, not benefits, says chancellor
Summary
Chancellor John Healey said at Labour’s conference that helping young people find jobs is better than giving them benefits. He announced a plan to expand apprenticeships through mayors in England, aiming to create more job opportunities for young people. Healey also emphasized the need to reduce government debt by controlling spending and following fiscal rules.Key Facts
- Chancellor John Healey spoke at Labour’s annual conference about reducing welfare spending.
- He stated the best help for young people is a first job with training and a wage, not benefits.
- A Local Apprenticeships Service will expand across England by March 2027 to connect young people with employers.
- The scheme is funded by £100 million saved from the Department for Work and Pensions budget.
- Mayors will have powers to run the apprenticeship scheme in their areas since they understand local job markets.
- About one million young people aged 16-24 are not in education, employment, or training (known as Neets).
- Healey said controlling the welfare bill is both an economic and moral duty.
- The government plans to respect fiscal rules to reduce borrowing costs and manage debt.
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