Headlines: December 24th, 1999

A report from The National Institute of Economic and Social Research, Britain’s longest established independent economic research institute, reveals that about half of the young people leaving unemployment would not have done so without the New Deal for Young People.The report assess the impact of the New Deal on the labour market and the economy as a whole. As a result of looking at the broader economic scene the researchers found that the New Deal generates extra economic activity and higher government revenue and will be close to self-financing.

Key findings from the NIESR research include: a reduction in long-term youth unemployment of nearly 40%, 10,000 young people leaving unemployment per month, and 50% of young people leaving unemployment doing so because of the New Deal.

There was no evidence that the New Deal has an adverse impact on other age groups.