The £1.9bn plan to get youth into work has helped fewer people than predicted, a group of MPs says.
Graham Watson's insight:
The Kickstart scheme launched in the pandemic to get young people into work has been panned by the Public Accounts Committee. The latter have criticised the £1.9 billion plan, which was originally intended to help 250,000 young people into work, has actually only got 130,000 people back into work - and will only end up getting 168,000 people into work.
As ever, policy interventions in this area are well meaning, but difficult to effect: at present it has cost around £14,000 per young person helped. Does that represent a reasonable opportunity cost or government failure? I leave that to you.
The government has launched its £2bn Kickstart scheme aimed at helping young people into work.
Graham Watson's insight:
Proof, if it were needed that the government are anticipating a sizeable increase in youth unemployment this autumn, with the launch of the Kickstart scheme to create work placements for young people. If you look at the data, there are nearly 400,000 more young people in receipt of Universal Credit than there were in March, and they are often among the most vulnerable members of society.
Youth unemployment affects those between 16 and 24, and is perhaps the most pernicious type of unemployment. You might try and think about why that's the case, and what's required to make schemes such as this successful.
It is unclear whether the placement scheme for 16-24 year olds is working, says National Audit Office.
Graham Watson's insight:
Government failure? The National Audit Office seems to think so suggesting that the vast majority of jobs that the government's Kickstart scheme claims to have created would probably have come about without the scheme.
The following quote, from NAO head Gareth Davies, is particularly damning: it "has limited assurance that Kickstart is having the positive impact intended. It does not know whether the jobs created are of high quality or whether they would have existed without the scheme. It could also do more to ensure the scheme is targeted at those who need it the most," he said.
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The Kickstart scheme launched in the pandemic to get young people into work has been panned by the Public Accounts Committee. The latter have criticised the £1.9 billion plan, which was originally intended to help 250,000 young people into work, has actually only got 130,000 people back into work - and will only end up getting 168,000 people into work.
As ever, policy interventions in this area are well meaning, but difficult to effect: at present it has cost around £14,000 per young person helped. Does that represent a reasonable opportunity cost or government failure? I leave that to you.