(10 years, 5 months ago)
Commons ChamberTo what extent are London campuses opened by universities based many miles from London simply devices to harbour bogus students, and how can we be sure that we will not see many more bogus students siphoned through those campuses in future?
(12 years, 10 months ago)
Commons ChamberThe Government have not been complacent. They have made, and are making, relentless attempts to deal with the difficulty—the £1 billion investment in the youth contract, 250,000 work experience places and 440,000 apprenticeships demonstrate Government action. The effect is not immediate; things will not change overnight, or in the next three months. We must be realistic about what it takes to rebalance the economy. However, 20,000 extra apprenticeships with £1,500 attached to each will encourage people in the private sector, including small businesses, to take on new people.
We must recognise that there needs to be long-term fundamental change in our economy. We must pay down the debt, reduce the burden of regulations and develop schemes that incentivise private sector employers to make the leap and invest in our young people. We must recognise the reality that we are in an international scenario, and that simply pressing a few buttons in the Treasury will not deliver immediate outcomes. Reheating the flawed logic and instincts of the late 1970s, which said that we could press those buttons and jobs would appear, is flawed.
The most senior economic adviser to the former Prime Minister and Member for Sedgefield said in 1997 that the Government whom he served had a golden economic legacy. That is not what this Government had when they took power nearly two years ago. It will therefore take time, but there is no complacency. There is a determination to face up to the underlying economic challenges. Only when we have done that will we have a sustainable basis for dealing with the problem—the deep and desperate problem—of youth unemployment.