Youth unemployment has left “a generation scarred”, according to a House of Lords report out today. With the rate of young jobless in the EU still at nearly double its pre-crisis level, and the UK experiencing exceptionally high levels of unemployment, the report calls on the Government to rethink the way it uses European funding.
The House of Lords EU Committee calls on the Government to adopt the EU’s flagship youth unemployment scheme, the Youth Guarantee – which would require the Government to ensure that all young people find suitable work, training or further education opportunities within four months of being unemployed. The Committee urges the Government to use EU money to support the introduction of a Youth Guarantee, rather than putting the funds towards existing domestic measures such as the Youth Contract.
The EU Sub-Committee that deals with employment, and conducted the inquiry, heard that the Youth Contract had underperformed and was not popular in the private sector, while the Youth Guarantee had been successful in other European countries.
Five regions in the UK were highlighted in the report as having unemployment levels so high that they qualified for additional EU funding. These areas were: Tees Valley & Durham; West Midlands; South Western Scotland; Inner London; and Merseyside. The Committee is urging the Government use the European funding to run pilot Youth Guarantee schemes in these five areas.
Chosen excerpts by Job Market Monitor. Read the whole story at UK spending of EU youth unemployment money misdirected, says report – News from Parliament – UK Parliament.
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