The cost of employing young people has ‘skyrocketed’ at three times the rate of inflation since Labour came to power causing a jobs slump, new analysis shows.
Higher taxes and sharp increases in the minimum wage mean that taking on a worker aged 21 and over costs 20 per cent more. For 18-to-20 year-olds, the cost is up by 31 per cent. Over the same period, inflation adds up to just 10 per cent.
The analysis by the Centre for Policy Studies (CPS) think-tank underlines how Labour’s policies have battered hiring and added to a youth jobs crisis.
‘The Government argues that higher
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