Brent and Harrow
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Navin Shah GLA Brent & Harrow
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Navin's News: Budget

Navin Shah AM backs call for tax on bank bonuses to fund jobs as youth unemployment spirals in Brent and Harrow

By Navin Shah AM

Today I called for a tax on bank bonuses to fund work placements for unemployed 16-24 year olds to prevent another ‘lost generation’. My call follows a 6.9 per cent rise in Brent in the last year and 5.17 per cent in Harrow in number of young people out of work for over six months.

It is clear to see that this Mayor and his Conservative government’s policies are failing as we're back in recession and youth and long-term unemployment are continuing to rise.

Large increases in youth and long-term unemployment are deeply worrying and indistinctive of a lost generation, as we saw in the 80s and 90s under the last Conservative Government. We must do all we can to stop that happening again.

To tackle this crisis, I am calling for a tax on bank bonuses to create jobs for 18-24 year olds and get them into work, as well as build much-needed affordable housing in London.

The figures published today reveal that in Brent:

  • There are now 725 young unemployed people looking for work
  • There are now 2695 people who have been unemployed for 12 months or more and can’t find work.
  • There are a total of 9981 unemployed people looking for work
  • There are only 1618 job vacancies

The figures published today reveal that in Harrow:

  • There are now 290 young unemployed people looking for work
  • There are now 820 people who have been unemployed for 12 months or more and can’t find work.
  • There are a total of 4212 unemployed people looking for work
  • There are only 724 job vacancies

 

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GLA Budget

GLA BUDGET

Last week the London Assembly debated and voted on the Mayor’s budget for London. I, along with my Labour colleagues, proposed a fully costed plan to cut transport fares by 7%, this will save travellers around £1,000 over four years. We want to use TfL’s surplus to put money back in Londoner’s pockets to help them through these difficult times. However, all of the Conservative members of the Assembly voted against this proposal and Mayor Boris Johnson also blocked it.

 

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Mayor Johnson’s proposal of a 1% cut to council tax means a £3.10 per year reduction in council tax, equivalent of saving the average Londoner 26p a month - enough to buy one onion. This measly sum is meaningless compared to the £110 extra a monthly zone 1-4 travelcard will cost you this year, or the £46 extra you are forking out for a monthly bus pass since last year. The Tory Mayor's fare rises are costing Londoners a lot more, and he could make a real difference to Londoners if he supported Labour's plan to cut transport fares but all he is interested is in gesture politics.

In these difficult times when costs are rising we should be doing all we can to help people, rather than the paltry cut offered by the Mayor. It is a shame that the Tory Mayor has chosen to increase fares and burden our communities with this additional hefty tax.  

Navin Shah AM 

Permanent link to this article
14th February 2012

London Mayor’s Budget: Enough to buy one onion

The four year term of the London Mayor and the GLA Members comes to an end on 3 May, when voters will be going to the polls. Last week, Assembly Members questioned the Mayor about his budget, which can only be overturned by two thirds of Assembly Members voting against it.

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This means it is impossible, given the political make up of the Assembly. This year’s budget is critical in that it gives an opportunity for the Mayor to present his vision and priorities for London and Londoners – this Mayor failed to do this.

I, along with my Labour colleagues, proposed a fully costed plan to cut transport fares by seven per cent, this will save commuters around £1,000 over four years. Labour’s proposal is to use Transport for London’s surplus to put money back in Londoner’s pockets to help them through these difficult times. However, all of the Conservative members of the Assembly voted against this proposal and Mayor Boris Johnson also blocked it.

Mayor Johnson’s proposal of a one per cent cut to council tax means annual savings of  £3.10 for the average Londoner, or 26p a month - enough to buy one onion. This measly sum is meaningless compared to the £110 extra a monthly zone 1-4 travelcard will cost you this year, or the £46 extra you are forking out for a monthly bus pass since last year. The Tory Mayor's fare rises are costing Londoners a lot more. He could make a real difference to Londoners if he supported Labour's plan to cut transport fares but all he is interested is in gesture politics.

In these difficult times when costs are rising we should be doing all we can to help people, rather than the paltry cut offered by the Mayor. It is a shame that the Tory Mayor has chosen to increase fares and burden our communities with this additional hefty tax.

The examination of the Mayor’s contribution in the last four years shows he has achieved next to nothing. He’s completed, with varying degrees of success, projects started by former Mayor Ken Livingstone and claimed credit for those initiatives as his own. We have seen his vanity projects like the new ‘routemaster’ bus design that is costing £12 million for just five vehicles.

Hire bikes paid for by increased fares but are becoming more and more unpopular with Londoners. And the City Hall council tax freeze, saving Londoners pennies,  is wiped out by the serious impact on the quality of life of Londoners with his huge fare rises, the reduction of police numbers on our streets and failing to deliver affordable social housing.

In all the key areas affecting London’s communities Mayor Johnson has failed to deliver. The number of police officers on our streets is down almost 2,000 in the last two years with incidents of burglary, theft and muggings up since last year.

The Mayor has increased public transport fares over and above inflation every single year since he was elected – a huge 26 per cent increase on average since 2008. As in previous years I have supported the Mayor’s decision not to put up his share of the council tax, and the one per cent cut in his precept this year. But this fails to provide meaningful help to our communities during the period of financial hardship. However, Mayor Johnson remains the main cheerleader for City bankers who caused the recession and continue to draw scandalous bonuses. The Mayor lacks vision and real commitment to support Londoners. The forthcoming election will be the opportunity for Londoners to have their say.

Navin Shah AM

Permanent link to this article
13th February 2012