Should the Conservative party win the general election, David Cameron has vowed to reduce the annual benefits cap from £26,000 to £23,000, and use the £135 million in savings towards funding three million apprenticeships by 2020, a scheme expected to cost £300 million annually.
Another £120 million would be derived from removing housing benefit from 18 to 21 year olds on Jobseekers’ Allowance.
He said: “This tells you everything you need to know about our values. Conservatives believe we should be giving people the chance of a better future while encouraging people on benefits back into work. We want to put people’s hard-earned taxes into lifting people up, not holding them down. Over the next five years millions of young people will get a decent start in life, learning a trade, and knowing the purpose and pride that comes with that.”
