UK PM Brown Announces New Jobs Program For Under-25s
LONDON -(Dow Jones)- U.K. Prime Minister Gordon Brown announced new initiatives Monday to cushion the impact of the recession, rolling out a new jobs program for younger workers and tripling funding for affordable housing.
Brown said the new jobs program, which will start next January, would guarantee a job or training for those under 25 who have been out of work for a year.
Brown said that a series of government jobs programs will save some 500,000 jobs, although he didn't say how that calculation was made.
The prime minister said he would triple funding for affordable housing over the next two years to GBP2.1 billion from GBP600 million.
Brown also announced various other reforms, including greater choice in public services and further reforms of the upper house of parliament.
Brown reiterated that the new economic programs would be paid for by reprioritizing its policies, not by adding to spending levels or debt.
-By Laurence Norman, Dow Jones Newswires; 44-207-842-9270; laurence.norman@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=kHtLd6gpPN1bOjDlkdPjzA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
June 29, 2009 11:09 ET (15:09 GMT)
Copyright 2009 Dow Jones & Company, Inc.
LONDON -(Dow Jones)- U.K. Prime Minister Gordon Brown announced new initiatives Monday to cushion the impact of the recession, rolling out a new jobs program for younger workers and tripling funding for affordable housing.
Brown said the new jobs program, which will start next January, would guarantee a job or training for those under 25 who have been out of work for a year.
Brown said that a series of government jobs programs will save some 500,000 jobs, although he didn't say how that calculation was made.
The prime minister said he would triple funding for affordable housing over the next two years to GBP2.1 billion from GBP600 million.
Brown also announced various other reforms, including greater choice in public services and further reforms of the upper house of parliament.
Brown reiterated that the new economic programs would be paid for by reprioritizing its policies, not by adding to spending levels or debt.
-By Laurence Norman, Dow Jones Newswires; 44-207-842-9270; laurence.norman@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=kHtLd6gpPN1bOjDlkdPjzA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
June 29, 2009 11:09 ET (15:09 GMT)
Copyright 2009 Dow Jones & Company, Inc.
Posts
No comments:
Post a Comment