Bradley Thomas

The facts speak for themselves: the unemployment rate for those aged between 16 and 24 is 15.9%—that represents 700,000 people —and 946,000 young people aged between 16 and 24 are categorised as NEET. There has been an 11% drop in the number of job adverts in the 12 months between July 2024 and July 2025. Under this Labour Government, there has been a staggering 14.6% increase in the unemployment rate of those aged 16 to 17. When I go out and about in my constituency and talk to businesses—particularly small businesses in retail, hospitality and leisure, which are for many the first rung on the employment ladder—they make it known loud and clear that the Government’s tax rises, and rising energy costs and bureaucracy, are eroding not just their margins but their confidence. That is perhaps the most corrosive effect of all. Once those businesses are gone, the opportunities for young people to get on the first rung of the employment ladder are reduced. In listening to comments by Members from across the Chamber, I have been struck by what I consider to be the fundamental ideological difference between the two sides of the House—between my party and the Government—on the question of where wealth is created. Governments do not create wealth. They can play a role in catalysing the foundations of our prosperity, and it is right that they lean into that and create schemes where necessary, but at the core of this issue is the fact that empowering individuals and small businesses to take risks is what enables the economy to prosper. We see that time and again. It is noble that the Government want to intervene to support businesses in creating jobs, and to create routes for young people to develop their skills and enter the jobs of the future, but we are just not seeing enough hard action that acknowledges the reality of where wealth is generated.