Jobs guarantee plan for under-25s

Tue Apr 21, 2009 10:59pm BST
 
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LONDON (Reuters) - Chancellor Alistair Darling is planning a "budget for jobs" that will guarantee work or training for young people, a government source told Reuters on Tuesday.

From January 2010, everyone of working age under 25 who has been out of work for more than a year will be offered a job or a place in training, the source said.

"Darling will vow never to return to the day where a whole generation of people found themselves abandoned to a future on the scrapheap," the source said.

Those offered a job will receive a wage and those given training will be given a top-up to their benefit. This will form part of a 2 billion pound package to boost jobs that Darling is expected to deliver in the budget on Wednesday.

 
Anthony Bolton, president for investments at Fidelity International, an affiliate of Boston-based Fidelity Investments, the world's biggest mutual fund firm, listens to a reporter's question during a news conference in Seoul October 21, 2009.   REUTERS/Lee Jae-Won
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