UK Parliament / Open data

Finance Bill

Proceeding contribution from Baroness Keeley (Labour) in the House of Commons on Monday, 1 July 2013. It occurred during Debate on bills on Finance Bill.

I want to follow up on the points made by the hon. Member for Bedford (Richard Fuller) about the future jobs fund and to hark back to an impact analysis of the fund done for the Department for Work and Pensions, which found that society gained £7,750 per participant through wages, increased tax receipts and reduced benefit payments. Participants were calculated to have gained £4,000 and employers to have gained £6,850, with the cost to the Exchequer calculated at £3,100 a job. The figures the hon. Gentleman cited would cover the cost. Even better, two years after the start of their time with the fund, those former jobseekers were much less likely to go back to being on benefits. Is that not something we should be re-exploring?

Type
Proceeding contribution
Reference
565 c622 
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Back to top