Let's tax bank bonuses to fund jobs for young people in Rotherham
Sarah Champion, MP has called for a tax on bank bonuses to fund jobs for young people in Rotherham. Under Labour's Compulsory Jobs Guarantee, every young person out of work in Rotherham 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 255 young people would benefit in Rotherham.
Whilst David Cameron's government have been in power, the number of young people aged 18-24 claiming JobseekerÔÇÖs Allowance for over a year has doubled - from 28,300 in May 2010 to 56,100 today. Since 2010 in Rotherham the number of long-term unemployed has gone from 120 to 255 in 2014.
Sarah Champion, MP said: Under David Cameron's government too many young people are struggling to find work and not seeing any economic recovery at all.
255 young people in Rotherham would benefit from Labour's Compulsory Jobs Guarantee if the policy were introduced today. Labour's Compulsory Jobs Guarantee will get young people in Rotherham 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 Rotherham 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.