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Steph McGovern

πŸ‘€ Speaker
2124 total appearances
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The Rest Is Money
271. Youth unemployment - a national emergency?

But that's not a new thing, Alan, is it?

The Rest Is Money
271. Youth unemployment - a national emergency?

You're not going to be telling the education secretary or whoever else in government anything new.

The Rest Is Money
271. Youth unemployment - a national emergency?

And that's my worry is it hasn't changed and this is really dangerous.

The Rest Is Money
271. Youth unemployment - a national emergency?

Everyone's got skills.

The Rest Is Money
271. Youth unemployment - a national emergency?

Everyone's got skills.

The Rest Is Money
271. Youth unemployment - a national emergency?

But isn't that partly the government's fault because it has become so expensive to employ young people?

The Rest Is Money
271. Youth unemployment - a national emergency?

So I have a retail business.

The Rest Is Money
271. Youth unemployment - a national emergency?

We employ nearly 100 people.

The Rest Is Money
271. Youth unemployment - a national emergency?

A lot of them are 16 to 24 year olds.

The Rest Is Money
271. Youth unemployment - a national emergency?

Then they are the first time jobbers and they are, you know, some of them are from pretty tough backgrounds and they're often the best ones running the business.

The Rest Is Money
271. Youth unemployment - a national emergency?

Our most profitable store is run by a 16 year old.

The Rest Is Money
271. Youth unemployment - a national emergency?

Right.

The Rest Is Money
271. Youth unemployment - a national emergency?

Yeah, she's brilliant.

The Rest Is Money
271. Youth unemployment - a national emergency?

But it's become a lot more expensive to employ them.

The Rest Is Money
271. Youth unemployment - a national emergency?

We've seen, and I understand why minimum wage needs to go up, but it's come at all together at once.

The Rest Is Money
271. Youth unemployment - a national emergency?

You've got the, particularly for the youngest of the young people, it's gone up like 26% over the last year or so and last couple of years to employ them purely on their wages.

The Rest Is Money
271. Youth unemployment - a national emergency?

Then with national insurance contributions on top, then with business rates going up as well,

The Rest Is Money
271. Youth unemployment - a national emergency?

It's actually really tough for employers to employ young people.

The Rest Is Money
271. Youth unemployment - a national emergency?

And so there is a government problem here with making the industries which provide those jobs just too expensive, particularly, as you say, hospitality, leisure, retail.

The Rest Is Money
271. Youth unemployment - a national emergency?

They're the ones hardest hit by all of these essentially tax changes.