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BIZBBC News

Best thing we can offer young people is a job, not benefits, says chancellor

Photo: BBC

The chancellor has warned against allowing Britain's benefits bill to balloon while not offering young people opportunities.

John Healey told Labour's annual conference in Liverpool that cutting welfare spending was "more than an economic must - it's a moral duty".

"The best thing we can offer a young person is not a benefit payment - it's a first job with training and a wage," he said.

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BIZThe Guardian

As the US midterms approach, Trump’s boasts on the economy fall flat with voters

Trump’s tariffs and his war against Iran caused prices to rise, but the US president continues to claim it’s ‘the greatest economy in history’ Donald Trump has taken to repeating a familiar boast: “ We have the greatest economy in history,” Trump said recently at a White House press gaggle. The boast comes even though inflation is higher and economic growth lower than when Joe Biden left office, even though gas prices have jumped around 50% since the war against Iran started, and even though 73% of Americans think the economy is in fair or poor shape…

BIZThe Guardian

Gouged: why Americans are being ripped off – and what to do about it

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