Bradley Thomas
Main Page: Bradley Thomas (Conservative - Bromsgrove)Department Debates - View all Bradley Thomas's debates with the HM Treasury
(1 month, 1 week ago)
Commons ChamberThe hon. Gentleman is literally sitting two places away from the right hon. Member for Central Devon (Sir Mel Stride)—the former welfare Secretary who presided over a record increase in welfare spending.
We have commissioned Alan Milburn to do a review—the first part of which was published recently—to address the problem that we inherited of young people not in employment, education or training and get young people back into work. I am proud to be the Chancellor who has overseen the biggest uplift in defence spending since the end of the cold war. We funded that through our difficult decision to reduce overseas development assistance, but that was the right choice. When we set out the defence investment plan ahead of the Ankara NATO summit, the whole House will see the further changes we are making in order to better support defence in an increasingly unstable world.
Bradley Thomas (Bromsgrove) (Con)
The Parliamentary Secretary to the Treasury (Torsten Bell)
UK employment levels are strong by historic and international standards. The hon. Member is right, though, to highlight a structural challenge when it comes to young people being out of work and, for that matter, education. That is why we have committed £2.5 billion over the next three years to the youth guarantee, helping to deliver up to 500,000 opportunities to earn and learn.
Bradley Thomas
Some 42% of employers have cut back on graduate recruitment, and across Bromsgrove and the villages there has been a 25% increase in youth unemployment over the last two years. With unemployment undoubtedly weighing heavily on the Chancellor’s mind, does she regret the choices she has made and the impact that they are having on young people’s futures?
Torsten Bell
The background to this is that employment is up 920,000 since the election. As I just said, there are structural challenges when it comes to youth unemployment. I gently refer the Tories to the fact that we saw a 250,000 increase in the number of those not in education, employment or training in the last three years that they were in office, and youth apprenticeships saw a 40% fall when they were in office. This Government are getting on with supporting young people. That is why this month will see the introduction of a £3,000 hiring bonus for firms that take on someone aged 18 to 24 who has been looking for work for six months.