This article published by the Mail Online is a RECOMMENDED READ. Check it out!
via Companies that take on under-21s will not have to pay ‘jobs tax’ | Mail Online.
So if George Osborne reduces companies taxation on employing young young, youth unemployment will disappear?
Unfortunately, as usual, Osborne is doing too little too late. Osborne has engineered the youth unemployment crisis with excessive austerity and not enough investment. Yes, at the margin, companies will be more attracted to employing young people, everything else being equal. However, employers will also worry about the commitment and reliability of young people, many of whom will be light on basic skills.
What has Osborne done to improve UK young people’s competitiveness with people of their own age in the Far East?