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Latest News

Conservatives would axe New Deal scheme in money-saving move

by Personnel Today 4 Oct 2004
by Personnel Today 4 Oct 2004

The
New Deal schemes aimed at getting young people and the over-25s into work would
be scrapped by a new Conservative Government.

The
proposal, unveiled before party workers gathered in Bournemouth
for the Conservative annual conference, is part of plans to save £2bn at the
Department of Work and Pensions.

The
Tories say abolishing the New Deal schemes would save an annual £666m.

They
also hope to save £1.2bn a year by outsourcing work done by Jobcentre Plus.
This move would see nearly 80,000 jobs being transferred out of the public
sector, but there would be no compulsory redundancies, the party said.

In
addition, axeing an early
retirement scheme through which some staff get better than standard terms would
save an estimated £17m, the Tories claim.

By Daniel Thomas

 

 

 

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