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Pre-Budget Report 2006 Summary
Investing in Britain's potential: Building our long-term future | |||
| Delivering
high employment
The Government’s long-term goal is employment opportunity for
all. It aims to promote a dynamic and flexible labour market in which
everyone has the opportunity to fulfil their potential. Since 1997,
the New Deal has helped nearly 694,000 young people into jobs and has
helped to provide greater employment opportunities for people who find
it harder to obtain jobs, such as lone parents and people with a health
condition or disability. Employment has risen by almost 2.5 million
in that time and unemployment has fallen to 5.6 per cent.
The Government has introduced reforms to improve work incentives and provide support for those on low incomes. Introduced in April 2003, the Working Tax Credit helps to make work pay for people on low incomes and is currently helping 2.2 million working families. The adult rate of the National Minimum Wage is now £5.35. The Government is now taking further steps to deliver higher employment across the country by:
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