(6 years, 3 months ago)
Commons Chamber(11 years, 9 months ago)
Commons Chamber8. What her policy is on youth unemployment in Northern Ireland; and if she will make a statement.
The Government’s efforts to reduce the largest deficit in UK peacetime history and deliver sustainable economic recovery are an important way of dealing with youth unemployment. Further specific measures to help young people in Northern Ireland to find jobs are the responsibility of the Northern Ireland Executive, with whom we are happy to work closely.
Given that youth unemployment now stands at over 20%, does the Secretary of State not share Opposition Members’ sense of urgency about the need to get Northern Ireland’s young people back to work? We have proposed a bank bonus tax that would help to create 2,000 jobs for those young people. What specific things are the Government going to do?
I will take no lectures from Labour on youth unemployment. Youth unemployment rose by a third—by 35%—under Labour in Northern Ireland, youth employment fell by nearly 10%, and economic activity among young people fell by 3%. We are determined to rebalance the Northern Ireland economy. Our deficit reduction plan is keeping interest rates low, which is vital for job creation and investment, and corporation tax is being reduced. We have also recognised the special circumstances of Northern Ireland by providing, on average, a higher block grant per head than is provided anywhere else in the United Kingdom.