The Chancellor has today, Monday 29 September, announced a 'Youth Guarantee' for eligible young people, as well as funding to guarantee a library for all primary schools by the end of this parliament.
The announcements also included a new investigations team to go after fraudulent Bounce Back Loan claimants and Public Procurement.
Youth Guarantee
Every eligible young person who has been on Universal Credit for 18 months without earning or learning will be offered guaranteed paid work through a new Youth Guarantee. This new initiative will build upon existing employment support and sector-based work academies currently being delivered by the Department for Work and Pensions. The scheme forms part of the government's aim to provide targeted support for young people at risk of long-term unemployment.
The Youth Guarantee will include a targeted backstop, where every eligible unemployed young person on Universal Credit for 18 months without earning or learning will be provided guaranteed paid work. Participants of the scheme will receive support to take advantage of available opportunities, with the aim of helping them transition into regular employment.
School libraries
Th Chancellor has also committed over £10 million in funding to guarantee a library for all primary schools by the end of this parliament.
One in seven primary schools in the UK do not have access to a library according to figures from the National Literacy Trust. That rises to one in four for disadvantaged areas, and almost half of schools in England without a library are located in the North. Government will set out