Liam Byrne MP, Labour's Shadow Work and Pensions Secretary, commenting on today's unemployment statistics, said:
"Fifteen months after the recession ended unemployment has hit a 17 year high and youth unemployment has hit the highest level ever. All over Britain, families now face a summer of struggle and the Tory-led Government has got to step in to help. You can’t get the deficit down without getting people into work and paying taxes.
"Instead the Tory-led Government seems bent on ten raids on family budgets starting in April and costing families £1.4 billion, and they’re actually closing the Future Jobs Fund at the end of the month.
"This is a decisive step in the wrong direction. We need a sensible, fair tax on bankers’ bonuses to provide over 100,000 jobs for young people and a proper plan for growth. With five people now chasing every vacancy we need radical action to get people back to work."