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Latest News

New Deal has made economy “half a billion pounds richer”

by Personnel Today 19 Dec 2000
by Personnel Today 19 Dec 2000

Long-term youth unemployment would be twice as high without the Government’s New Deal for Young People programme, according to a new report.

The report by the National Institute of Economic and Social Research (NIESR) on the first two years of New Deal (April 98 to March 2000) also concludes that the economy is richer by half a billion pounds a year due to the Government’s investment in New Deal.

Education and Employment Secretary David Blunkett welcomed the report saying, “”This report underlines the key contribution of New Deal to the economy and this Government’s investment in turning our wasted youth into working youth. It’s valuable findings will add to our continual analysis of New Deal and help us develop the programme further.”

“The report says that there are 25,000 more people in work and 40,000 fewer young people unemployed at any one time. Youth unemployment is now at its lowest level since the mid-seventies,” said Employment Minister Tessa Jowell.

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Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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