Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-13-Speech-1-190-750"
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"en.20120213.19.1-190-750"2
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"Youth unemployment is exacerbated by inward migration absorbing jobs from the bottom up. UK youth unemployment stands at 22.3%. It increased from 575 000 in 2004 to 1 016 000 in 2011, a rise of 450 000, while over the same period 600 000 EU migrants entered the UK. The Commission wants to allocate EUR 82 billion unspent Structural Funds to youth unemployment – money corresponding to as yet unused budgets earmarked for programmes that depend upon funding – shifting resources without an impact assessment or guaranteed results. Unemployment is a fluid entity relying upon job creation. Job creation relies upon private sector growth. Private sector growth needs inward investment, trade opportunities and production flexibility: all are stifled by EU bureaucracy and marred by trading partners’ economic uncertainty. The Commission wants to divert funding from programmes construed to boost local economies towards training without guaranteed employment at the end. Whilst I support stimulating the labour market through skills development, the best way to mitigate youth unemployment is to ascribe localised investment to the labour market as a whole, rather than reducing investment flexibility through targeted policy making. Job creation requires dynamic development Member States are best equipped to deal with autocratically, via idiosyncratic programmes catering for particular portfolios of industries and demographic patterns."@en1
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