“Pensioners may have paid off their mortgages, but they have fewer opportunities to earn more and change their financial circumstances than others in society.
“What young people need is work and a simple and effective measure the Government could take is to stop the jobs tax on younger workers. If the Government abolished employers national insurance for the under 20s it would benefit employers by some £200m; and cutting it by half for the under 25s would save around a billion. A real fillip for British businesses who do the right thing and take on and train the nation’s young men and women.
“Enterprise is the only sustainable cure-all for youth unemployment.”