Youth Unemployment
Debate between Rachel Reeves and Baroness Burt of Solihull(13 years ago)
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Lorely Burt
I am sure we agree on the seriousness of the situation and all the different groups of young people who are affected. Unfortunately, the hon. Lady did not answer my question, but never mind.
Lorely Burt
I am sorry, but I will not give way.
Dealing with youth unemployment is incredibly hard, but the Opposition should not make political capital out of a relatively small increase in existing figures that are a legacy of their own figures.
Lorely Burt
I have only two minutes. I am very sorry.
The future jobs fund was well intentioned, but ineffective and expensive. It created new positions that were not, by definition, real jobs. It was so ineffective, in fact, that young people who were not on the programme fared better in getting real employment than those who were. It cost more than it saved, and failed to accomplish its targets. Now the Opposition are also calling for a bank levy to raise funds for a youth jobs fund. However, we have already introduced a bank levy, and it raises more each year than they managed to raise with their bankers’ bonus tax.
So what have we done for young unemployed people? We have concentrated on apprenticeships and getting people into real jobs. We have exceeded the targets in our apprenticeship scheme, with the provisional figures showing that the number of apprenticeships has grown by 58% across the UK and some areas showing growth of 198%. Perhaps the right hon. Member for Birmingham, Hodge Hill (Mr Byrne) would like to welcome the 82% rise in apprenticeships in his constituency. The Work programme is designed to ensure that people can get out of a cycle of benefits and get back into work that pays. The jury is still out on the Work programme, but I am really hopeful that the work of specialist agencies, using their skills to find jobs for long-term unemployed individuals, will bear fruit.
I welcome the fact that Labour Members are bringing ideas to the table. As I said, I agree with some of them, but not all. We will listen and we will work with all colleagues in this House for a more prosperous future for all our constituents.
Consumer Credit and Debt Management
Debate between Rachel Reeves and Baroness Burt of Solihull(13 years, 9 months ago)
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Lorely Burt
Yes, I totally agree with my hon. Friend.
Many Opposition Members who have spoken in this debate are new, so I wonder whether I could gently remind them that the previous Government launched three inquiries into the problem, all of which cautioned against using caps.
Rachel Reeves
My hon. Friend the Member for Walthamstow (Stella Creasy) has explicitly set out in her motion that we should have a cap not on interest rates, but on the overall cost of credit, so what the hon. Lady is talking about is not in the motion. Does she recognise that?
Lorely Burt
I thank the hon. Lady for her intervention, but no, I do not entirely recognise that, because I am not sure that she is distinguishing between what the two actually mean. I am not against what the hon. Member for Walthamstow is promoting, but I question her position. After 13 years—13 years in which her Government gave the matter due consideration and in which her party had an unquestionable desire to help—she seeks to introduce something now, in the middle of a Government consultation, when she knows that the Government cannot commit themselves in case they prejudice the consultation.