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Youth Unemployment is an Economic Waste
Posted on 09 January 2012

Britain’s four biggest employer organisations, the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC), the British Retail Consortium (BRC) and the Federation of Small Businesses (FSB), have formally backed the Youth Contract and will also urge their members to back the initiative.

Commenting, Mr Carmichael said:

‘Youth unemployment is an economic waste and a slow-burn social disaster. If young people are out of work, the consequences of that will be felt for decades afterwards. We need to ensure young people do not have a false start.

‘Any company - from the smallest local employer to the largest international firms - can get involved and I hope that companies in Orkney and Shetland will support this initiative.

‘It is excellent news that Britain’s four biggest employer organisations are backing the scheme. I look forward to working with local employers to make sure the Youth Contract is a success so that we won’t lose the skills and talent of our young people at a time when we need them most.’

Commenting further, Deputy Prime Minister Nick Clegg said:

‘Supporting people into work is my priority for 2012 and helping young people get proper lasting jobs is especially important.

‘The Youth Contract will make sure every unemployed young person starts earning or learning again before long term damage is done.

‘But government can’t do this alone, we need businesses to play their part too. That’s why the support of the Confederation of British Industry, British Chambers of Commerce, British Retail Consortium and Federation of Small Businesses is such good news.

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Posted on 09 January 2012
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