Joanne McCartney AM calls for tax on bankers’ bonuses to tackle spiralling youth unemployment in Enfield & Haringey

Joanne McCartney AM calls for tax on bankers’ bonuses to tackle spiralling youth unemployment in Enfield.

Local London Assembly Member Joanne McCartney has called for a tax on bankers’ bonuses to fund work placements for unemployed 16-24 year olds to prevent another ‘lost generation’. The call follows a 152 per cent rise in the number of young people out of work for over six months in Enfield.

According to January’s unemployment figures, released on Wednesday, there are now 235,177 people looking for work in London and 10,551 in Enfield.  This is an increase of 9.5% and 12.8% respectively in the last year alone.

Joanne said: “These unemployment figures in our borough are tragic, especially for London.  The government and Mayor Boris Johnson need to use all their powers to get Londoners back to work. I am calling for a tax on bankers’ bonuses to fund work placements for young people.”

Joanne continued “It is time that bankers took responsibility for their actions and paid their fair share to help London’s young people.  Young people did not cause this recession and it’s not right that ordinary people are being forced to pay for the bankers’ mistakes.”

The figures published today reveal that in Enfield:

  • There are now 10,551 unemployed people looking for work
  • 2,670 of them are under 24
  • 870 have been out of work for more than six months

In Haringey:

  • There are now 10,436 unemployed people looking for work
  • 2,170 of them are under 24
  • 685 have been out of work for more than six months
  • There are only 555 job vacancies in Haringey

Across London:

  • There are 235,177 people out of work
  • 55,410 are under 24
  • 16,655 have been out of work for more then six months
  • There are 32,580 job vacancies in the capital – seven jobseekers for every vacancy

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