Great analysis by my @theifs.bsky.social colleagues. The Government's jobs guarantee and youth jobs grant provide big (if temporary) incentives to hire young people who have been unemployed and on the relevant bit of universal credit for more than 6 months.
Eduin Latimer
Yesterday’s announcement hugely reduces the short-term cost of hiring 18-24 year olds on UC, even compared to FY2024 before the rise in youth min wage rates and employer NICs.
More (bonus) charts and reflections below 🧵👇
Xiaowei Xu
NEW: How will the government’s new youth employment package, worth £1 billion over 3 years, impact the roughly 960,000 16–24 year olds not in education, employment or training?
📗 @xiaoweixu.bsky.social and Imran Tahir assess its policies in our new comment: ifs.org.uk/articles/ass...
