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Shadow Chancellor concerned North-East could miss out on renewable energy revolution

Shadow Chancellor Ed Balls has said that the Government’s “energy policy crisis” is putting at risk a massive opportunity for the North-East to lead a renewable energy revolution, reported The Northern Echo.

Meeting four young Port of Tyne apprentices, the former Education Secretary said there was no doubt the North-East was being hit disproportionately hard by Government austerity cuts and rising long-term youth unemployment risked scarring a whole generation.

Labour would keep a “bankers bonus” tax and axe what he called the Government’s “millionaires’ tax cut” to pay for guaranteeing a job for every young person out of work for more than a year, he said.

These would pay minimum wage and most, if not all, would be in the private sector but a Labour Government would provide financial support, he continued.

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