UK risks £125bn hit a year from youth unemployment, landmark report says

<p>Alan Milburn warns of ‘lost generation’ after number of young people not in work or education rises to more than 1m</p><p>Britain risks a financial hit worth £125bn a year from a worsening crisis in youth worklessness after a rise in the number of young people not in employment or education to more than 1 million.</p><p>In a landmark government-backed report, Alan Milburn warned Britain’s economy and the public finances were losing billions of pounds a year amid the growing risk of <a href="https://www.theguardian.com/money/2026/may/27/neets-could-hit-125m-by-early-2030s-milburn-review-young-people-employment-uk">a “lost generation”</a> of young people.</p> <a href="https://www.theguardian.com/business/2026/may/28/uk-risks-125bn-hit-youth-unemployment-landmark-report-alan-milburn-neets">Continue reading...</a>