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Youth employment - Shadow Chancellor backs NIC holiday recommendation

Youth employment - Shadow Chancellor backs NIC holiday recommendation

One of the outcomes of this week's Labour Party Conference in Liverpool was support for a National Insurance Contribution cap for employers taking on young job-seekers. This was a key recommendation of the REC's Youth Employment Taskforce last year and is now also being backed by leading business organisations such as the CBI.

Commenting on this, Gillian Econopouly, the REC’s Head of Policy said: “We were delighted to see Shadow Chancellor Ed Balls echo calls for a much-needed fiscal incentive to help small businesses take on new staff. This is a practical measure that would help small firms bring some of the one million young people who aren't in education or work into the labour market.

“The CBI recently included the NIC cap idea in its proposals to the Chancellor and even the opposition are now calling for it. The bottom line is that we need concrete action to breath new life into the jobs market and unlock the potential of the many young people currently estranged from the jobs market.”

One of the other debating points at both the Lib Dem conference in Birmingham and the Labour event in Liverpool was the need for the business community to play an active role on youth employment issues. This is the rationale behind the recently launched Youth Employment Charter for the recruitment industry which is already producing compelling case studies of how recruiters are working with schools and colleges and helping to make a difference. To sign up to the charter go to: www.rec.uk.com/about-recruitment/externalrelations/youthemploymentcharter.

As well as taking part in a number of employment related fringe sessions, the REC hosted its own fringe event at the Labour conference with PCG and Shadow BIS Minister Chuka Umunna.

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