Sir: Labour, we are told, will take 250,000 young unemployed people off welfare, though over what period they have not said. Before we get too excited it may be worth bearing in mind the following quotation from the Labour Force Survey: "Since summer 1993 the number of people aged under 25 who were unemployed [according to the International Labour Organisation's definition] has fallen by 264,000."
If Labour are to subsidise employers taking on young unemployed with a pounds 60 per week tax break for six months, where will the new jobs come from? All this will mean is that employers will, until the target number has been met, just employ young people. They may even shed a few others to ensure they get the benefit of a tax break.