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UK Tories Pledge Employer Tax Cut to Tackle Youth Unemployment
The party said the move would cost £3.25 billion and aims to boost youth employment before the next election.
- At the Conservative Party Conference in Birmingham on Wednesday, leader Kemi Badenoch pledged to halve employer national insurance for workers aged 21 to 24, slashing the rate from 15% to 7.5%.
- Badenoch cited a "graduate recruitment crisis," noting that nearly 1 million people aged 16 to 24 are currently not in education, employment, or training, prompting the Conservatives' proposed "tough love" approach for unemployed under-25s.
- Officials estimate the policy's dynamic cost at £2.3 billion, while Badenoch also plans to cut the 40% inheritance tax rate on properties worth more than £325,000.
- Labour dismissed the proposals as "fantasy economics" and "unfunded," while Reform UK's Treasury spokesman Robert Jenrick argued the Conservatives are "fiddling around the edges."
- Badenoch framed the party's vision in a new booklet, "The Right Way," describing the upcoming election campaign as a "battle for the soul of the nation.
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Tories pledge to tackle 'graduate recruitment crisis' by slashing National Insurance for young people
The Conservatives have pledged to halve employer National Insurance on wages earned by young people if they win the next election.Under the policy, the flat rate for businesses would be slashed from 15 per cent to 7.5 per cent for workers aged 21 to 24, at an estimated cost of £2.3billion.Tory leader Kemi Badenoch insisted the plan was "fiscally credible" on Wednesday, as party officials said they would publish a “savings plan” setting out how i…
·London, United Kingdom
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Coverage Details
Total News Sources14
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
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