Chris Grayling: "I find it baffling when the Secretary of State talks about his achievements. According to the Office for National Statistics, the unemployment rate among 16 to 24-year-olds was 14.1 per cent. in 1997; today it is 14.5 per cent., and nearly 50,000 more young people are unemployed. When the Secretary of State said to this House,
“Actually, youth unemployment has been all but eradicated”—[ Official Report, 18 July 2007; Vol. 463, c. 283.]
was he telling the truth?"
Peter Hain, SoS for W&P: "I repeat to the hon. Gentleman the point that I have already repeated: long-term youth unemployment—those on the claimant count for more than a year—has been virtually eradicated. That is a fact. He can check the statistics with me; I am happy to exchange correspondence with him on the issue. The truth is that we have a good record on increasing the number of jobs for young people. We continue to do so. However, there are more young people in the under-25 age group in the labour market now. That accounts for some of the points made by the hon. Gentleman, but he should check his figures."
John Redwood on pensions: "How many complaints does the Minister know about concerning the very large sums of money taken out of funds each year under the tax policy of the previous Chancellor of the Exchequer, and the ineffectiveness of the regulator to resist those demands?"
Mike O’Brien, W&P Minister: "Of course, the regulator’s aim is to ensure that we have a stable and effective pensions scheme. By and large in recent years, since the office of the regulator has been established, it has gained credibility and increased confidence in the pensions industry. As a result of the creation of the regulator, we have a pensions industry that is much stronger than it was."
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