Joanne McCartney backs call for tax on bank bonuses to fund jobs as youth unemployment spirals in Enfield & Haringey

Local London Assembly Member Joanne McCartney called for a tax on bank bonuses to fund work placements for unemployed 16-24 year olds to prevent another ‘lost generation’. The call follows a staggering 104 per cent rise in the last year in the number of young people out of work for over six months in Enfield and a similar rise of 74 per cent in Haringey.

Joanne said: “This Mayor and his Conservative Government’s policies are failing, not only is Britain back in recession but now we find out that youth and long-term unemployment are rising sharply.”

“These alarmingly high increases in youth and long-term unemployment are deeply worrying. Instead of taking a hands-off approach, the government and Mayor Boris Johnson need to use all their powers to get Londoners back to work. In recessions of the 80s and 90s we saw youth unemployment sky-rocket and the creation of a ‘lost generation’. We must do all we can to stop that happening again.”

“To tackle this crisis I am calling for a tax on bank bonuses to create a youth jobs fund to help 18-24 year olds get back to work and also build new homes in London.”

The figures published today reveal that in Enfield:

  • There are now 1,060 young unemployed people looking for work – an increase of 104% since April 2011
  • There are now 1,475 people who have been unemployed for 12 months or more and can’t find work.
  • There are a total of 10,263 unemployed people looking for work
  • There are only 1,414 job vacancies in the borough

and in Haringey:

  • There are now 755 young unemployed people looking for work – an increase of 74% since April 2011
  • There are now 2,365 people who have been unemployed for 12 months or more and can’t find work.
  • There are a total of 10,254 unemployed people looking for work
  • There are only 532 job vacancies in the borough

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