Shadow Chancellor Ed Balls joins Serfton Central Labour MP Bill Esterson to call for bank bonus tax to fund jobs for young people in Sefton Central


Sefton Central Labour MP Bill Esterson has called for a tax on bank bonuses to fund jobs for young people in Maghull, Lydiate, Aintree, Formby, Crosby, Thornton, Hightown and Melling.

Under Labour’s Compulsory Jobs Guarantee, every young person out of work in Sefton Central for more than 12 months will be given a paid starter job which they will have to take up or lose their benefits.

If Labour’s Compulsory Jobs Guarantee were introduced today 6,765 would benefit in the North West.

Under David Cameron’s government, the number of young people aged 18-24 claiming Jobseeker’s Allowance for over a year has doubled - from 28,300 in May 2010 to 56,100 today. Since 2010 in Sefton Central the number of long-term unemployed has gone from 10 before the Tories and Lib Dems came to power in 2010 to 35 in 2014.

Bill Esterson said: "Under David Cameron’s government too many young people in Sefton Central are struggling to find work and not seeing any economic recovery at all. 

“Thirty-five young people in my constituency would benefit from Labour’s Compulsory Jobs Guarantee if the policy were introduced today. Labour’s Compulsory Jobs Guarantee will get young people in in Sefton Central off benefits and into work." 

Labour’s shadow Chancellor, Ed Balls said: “If Labour wins the next election we will get young people and the long-term unemployed in Sefton Central off benefits and into work. 

"After the global banking crisis and with bank bonuses soaring again this year, it’s fair to pay for our jobs plan by repeating Labour’s tax on bank bonuses. We need a recovery for the many, not just a few at the top."