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Reeves to pledge Youth Guarantee to ‘abolish’ unemployment for young people
Good morning. Rachel Reeves, the chancellor, was a student when the Blair government was in power and one of her heroes at the time was Gordon Brown, who ran the Treasury for 10 years. One of Brown’s flagship measures was an employment programme for young people (the new deal) and today Reeves says she wants to achieve something similar. In her speech she will say:
At the spending review, I pledged record investment in skills to support our young people. And so today, I can announce that with that investment we will fund a new Youth Guarantee …
We won’t leave a generation of young people to languish without prospects – denied the dignity, the security and the ladders of opportunity that good work provides.
Just as the last Labour government, with its new deal for young people, abolished long-term youth unemployment I can commit this government to nothing less than the abolition of long-term youth unemployment. We’ve done before and we’ll do it again.
Reeves is doing a full media interview round this morning. I will be covering it in detail.
Some newspapers are splashing this morning on previews of the Reeves speech.
As Pippa Crerar reports for the Guardian, Reeves is also going to announce funding for a library in every primary school in England.
Shabana Mahmood, the home secretary, is also speaking at the conference today, and other papers are splashing on what she is set to say. Rajeev Syal has a preview for the Guardian here.
And here are the frontpage headlines from the Telegraph and the Times.
And the Guardian and the Daily Mail have both splashed on Keir Starmer’s comments about Reform UK yesterday – with rather different takes.
Here is the agenda for the day.
10am: The conference opens. The morning speakers include Yvette Cooper, the foreign secretary, at 10.05am, John Healey, the defence secretary, at 10.50am, and Peter Kyle, the business secretary, at 11.40am.
Noon: Rachel Reeves, the chancellor, speaks.
2pm: The afternoon session open with a speech from Bridget Phillipson, the education secretary and candidate for deputy leader. The other speakers include Pat McFadden, the work and pensions secretary, at 2.40pm, David Lammy, the deputy PM and justice secretary, at 2.50pm, Shabana Mahmood, the home secretary, at 3.30pm, Liz Kendall, the science secretary, at 3.45pm, and Lisa Nandy, the culture secretary, at 4pm.
2pm: Andy Burnham, the mayor of Greater Manchester, speaks to Pippa Crerar and Kiran Stacey from the Guardian’s Politics Live podcast at a fringe event.
2.30pm: Sadiq Khan, the mayor of London, speaks at a fringe event.
3.15pm: Burnham speaks at a fringe event on devolution.
4.30pm: Anneliese Dodds, the former development minister, speaks at a More in Common fringe.
5pm: Lammy speaks about taking on the populist right at an IPPR fringe meeting.
If you want to contact me, please post a message below the line when comments are open (normally between 10am and 3pm BST at the moment), or message me on social media. I can’t read all the messages BTL, but if you put “Andrew” in a message aimed at me, I am more likely to see it because I search for posts containing that word.
If you want to flag something up urgently, it is best to use social media. You can reach me on Bluesky at @andrewsparrowgdn.bsky.social. The Guardian has given up posting from its official accounts on X, but individual Guardian journalists are there, I still have my account, and if you message me there at @AndrewSparrow, I will see it and respond if necessary.
I find it very helpful when readers point out mistakes, even minor typos. No error is too small to correct. And I find your questions very interesting too. I can’t promise to reply to them all, but I will try to reply to as many as I can, either BTL or sometimes in the blog.
Key events
Reeves pushes back at suggestions VAT may rise, saying commitment not to put it up still stands
Ferrari says the UK has lower growth forecasts than other G7 countries.
Reeves says the OECD is saying the UK will have the second fastest growing economy in the G7 this year and next.
And for the first half of this year, the only period for which data is available, the UK economy grew at 1% – faster than other G7 economies.
Q: Can you rule out a VAT increase in the budget?
Reeves says the government made those commitments and they stand.
Ferrari says something stands until it falls.
Reeves says Labour made those commitments because they want working people tobe better off. She goes on:
We are continuing with standing by, whatever words you want to use, those commitments.
Q: Can you rule out a VAT increase?
Reeves says listeners “can hear the commitment that I have made”.
She says the govenment is standing by its commitments because it wants people to be better off at the end of this parliament.
Rachel Reeves is on LBC, being interviewed by Nick Ferrari.
Reeves says almost one million young people are not in work or training. That amounts to one in eight, she says, 18 to 24-year-olds.
They are more likely to suffer as a result unemployment later in life, lower wages and mental health problems.
Q: How much will this cost?
Reeves says the money for this was allocated in the spending review. Further details will be in the budget.
Ferrari keeps asking how much it will cost, and Reeves keeps insisting she will set that out in the budget.
Reeves says there are hundreds of thousands of vacancies in the economy. Employers say they struggle to hire the right people, she says.
Ferrari quotes various business leaders saying government policies are making it harder for them to operate.
Reeves says some of the first quoted by Ferrari (Next, Marks and Spencer, Asda and Aldi) have recently announced good results.
Reeves to pledge Youth Guarantee to ‘abolish’ unemployment for young people
Good morning. Rachel Reeves, the chancellor, was a student when the Blair government was in power and one of her heroes at the time was Gordon Brown, who ran the Treasury for 10 years. One of Brown’s flagship measures was an employment programme for young people (the new deal) and today Reeves says she wants to achieve something similar. In her speech she will say:
At the spending review, I pledged record investment in skills to support our young people. And so today, I can announce that with that investment we will fund a new Youth Guarantee …
We won’t leave a generation of young people to languish without prospects – denied the dignity, the security and the ladders of opportunity that good work provides.
Just as the last Labour government, with its new deal for young people, abolished long-term youth unemployment I can commit this government to nothing less than the abolition of long-term youth unemployment. We’ve done before and we’ll do it again.
Reeves is doing a full media interview round this morning. I will be covering it in detail.
Some newspapers are splashing this morning on previews of the Reeves speech.
As Pippa Crerar reports for the Guardian, Reeves is also going to announce funding for a library in every primary school in England.
Shabana Mahmood, the home secretary, is also speaking at the conference today, and other papers are splashing on what she is set to say. Rajeev Syal has a preview for the Guardian here.
And here are the frontpage headlines from the Telegraph and the Times.
And the Guardian and the Daily Mail have both splashed on Keir Starmer’s comments about Reform UK yesterday – with rather different takes.
Here is the agenda for the day.
10am: The conference opens. The morning speakers include Yvette Cooper, the foreign secretary, at 10.05am, John Healey, the defence secretary, at 10.50am, and Peter Kyle, the business secretary, at 11.40am.
Noon: Rachel Reeves, the chancellor, speaks.
2pm: The afternoon session open with a speech from Bridget Phillipson, the education secretary and candidate for deputy leader. The other speakers include Pat McFadden, the work and pensions secretary, at 2.40pm, David Lammy, the deputy PM and justice secretary, at 2.50pm, Shabana Mahmood, the home secretary, at 3.30pm, Liz Kendall, the science secretary, at 3.45pm, and Lisa Nandy, the culture secretary, at 4pm.
2pm: Andy Burnham, the mayor of Greater Manchester, speaks to Pippa Crerar and Kiran Stacey from the Guardian’s Politics Live podcast at a fringe event.
2.30pm: Sadiq Khan, the mayor of London, speaks at a fringe event.
3.15pm: Burnham speaks at a fringe event on devolution.
4.30pm: Anneliese Dodds, the former development minister, speaks at a More in Common fringe.
5pm: Lammy speaks about taking on the populist right at an IPPR fringe meeting.
If you want to contact me, please post a message below the line when comments are open (normally between 10am and 3pm BST at the moment), or message me on social media. I can’t read all the messages BTL, but if you put “Andrew” in a message aimed at me, I am more likely to see it because I search for posts containing that word.
If you want to flag something up urgently, it is best to use social media. You can reach me on Bluesky at @andrewsparrowgdn.bsky.social. The Guardian has given up posting from its official accounts on X, but individual Guardian journalists are there, I still have my account, and if you message me there at @AndrewSparrow, I will see it and respond if necessary.
I find it very helpful when readers point out mistakes, even minor typos. No error is too small to correct. And I find your questions very interesting too. I can’t promise to reply to them all, but I will try to reply to as many as I can, either BTL or sometimes in the blog.
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