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Pre-Budget report: 10,000 graduate internships announced
Thursday, 10 December 2009
Chancellor Alistair Darling has revealed that graduates from poor backgrounds will receive help to get onto internships in order to improve their job prospects.
In his pre-Budget report, announced yesterday (December 9th), the minister said that 10,000 disadvantaged students could take a share of £550 million funding to allow them to enrol on work experience placements.
The National Union of Students (NUS) has praised the move, saying that it could stop a generation of young people from becoming unemployed after they graduate.
"Students are graduating with record levels of debt, and the current shortage of graduate jobs is making it particularly difficult for those who cannot rely on their family to support them when they leave university," said NUS president Wes Streeting.
Darling's statement for the pre-Budget report will come as good news to the Confederation of British Industry, which recently told Personnel Today that plans to improve the current situation regarding graduate jobs are needed.