Work and benefits: 'I want to get a job but I don't know how'

Published On Nov 26, 2024, 2:27 AM

The UK government is pushing a new initiative aimed at reducing youth unemployment, which currently affects nearly a million young people. Under plans requiring young adults to either 'earn or learn,' support for job centers and mental health services will increase. While government support is intended to help, businesses express concern that rising costs, like increased National Insurance contributions and minimum wage laws, could hinder job creation. Young individuals have shared their struggles in finding work, often tied to mental health challenges, lack of experience, and the pressing conditions imposed by the new government policies. The article includes personal testimonies of several young individuals facing these challenges.

Stock Forecasts

Industries that will be pressured by rising costs due to increased National Insurance contributions and labor costs might be negatively impacted. Companies in the retail, hospitality, and small business sectors could face challenges adapting to the financial pressures while trying to create jobs. This may lead to reduced earnings forecasts and cautious investor sentiment.

Related News

Inflation is continuing to strain American households, as LendingTree found Thanksgiving hosts plan to spend 19% more than last year on food, drinks and decor for the party.

Seniors awaiting bigger Social Security checks next year may be shocked to discover higher Medicare premiums will eat up a chunk of their cost-of-living adjustment.

XLY
VHT

Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.

XLY
XLP