Clegg: £1bn scheme will 'provide hope' to young jobless
25-11-11
Published: BBC News
The three-year youth contract scheme will give employers subsidies worth £2,275 to take on 160,000 18-to 24-year-olds for six months.
Youth unemployment hit 1.02 million in the three months to September.
Labour questioned how it would be funded, following reports that working tax credits were to be squeezed.
Asked about the reports on BBC Radio 4's Today programme, Mr Clegg said the initiative would not be paid for by one single tax or spending measure.
 (2).jpg)