UK Youth Unemployment 'Lost Generation'

A government-commissioned review, led by Alan Milburn>>>, has warned that the United Kingdom>>> risks creating a 'lost generation' as the number of young people aged 16-24 not in employment, education, or training (NEETs) has surpassed one million for the first time since 2013. Projections indicate this figure could rise to 1.25 million, or one in six young people, within five years. The report attributes this crisis to a sharp decline in entry-level jobs, a system 'stuck in the past' that fails to prepare young people for work, and rising mental health problems. Despite 84% of NEETs wanting employment or training, they face a 'Catch-22' of needing experience but lacking opportunities. The economic cost of this crisis is estimated at £125 billion ($168 billion) per year due to lost tax revenue and increased welfare spending. Prime Minister Keir Starmer>>> and Work and Pensions Secretary Pat McFadden>>> have acknowledged the severity of the issue and pledged to work on solutions, including expanding apprenticeships. Business groups like the British Chambers of Commerce>>> and leaders from Marks & Spencer>>> and The Big Issue>>> have also voiced concerns, calling for urgent action from policymakers.