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The incentives in the 2018 budget for firms that take on young people will generate almost one million new hires, 980,000, over three years, according to the draft of a technical report on the package. It estimates that 380,000 permanent, open-ended contracts will be signed by under-35s in 2018.
In the two years that follow, incentives for under-30s are expected to generate around 300,000 hires each year.
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