Britain's Jobless Youth: A Looming Crisis
A staggering one million young people across the UK are currently without a job or training, according to recent statistics. This bleak picture is not only concerning but also alarming, as it suggests that the country's job market is on the verge of collapse.
The government has announced plans to tackle rising levels of unemployment and worklessness, with Sir Charlie Mayfield's Keep Britain Working review set to outline recommendations for both the government and businesses. The issue at hand is twofold: a dramatic increase in youth unemployment and rising levels of ill health among working-age adults.
The statistics are eye-opening. Over 9 million people aged 16-64 are neither in employment nor looking for work, while nearly three million have long-term ill-health as their main reason for being economically inactive. The situation is particularly dire for young people, with one in five not in education, employment or training due to disability and ill health.
To make matters worse, unemployment among people with disabilities has skyrocketed, reaching its highest rate since before the Covid pandemic. This trend is deeply concerning, as it suggests that the country's employment system is failing those who need support the most.
Business leaders have made it clear that they cannot continue to do more without significant investment in skills training, apprenticeships, and further education. However, with public finances under pressure, the government has limited room for manoeuvre.
The chancellor's promise of a "youth guarantee" will be crucial in addressing this crisis. Investment in programs that support young people with work-limiting health conditions and those with disabilities is essential to creating the circumstances where employers feel empowered to take action.
If the UK matches the lowest youth unemployment rate among OECD countries, it could deliver a significant boost to the economy of £69 billion. The alternative – a continued rise in benefits spending – would be catastrophic for both the public finances and the economy.
Ultimately, this crisis requires a collective response from businesses, the government, and policymakers. It is time for us to come together to address this pressing issue, which will determine the future prosperity of our country's young people and workers with disabilities.
A staggering one million young people across the UK are currently without a job or training, according to recent statistics. This bleak picture is not only concerning but also alarming, as it suggests that the country's job market is on the verge of collapse.
The government has announced plans to tackle rising levels of unemployment and worklessness, with Sir Charlie Mayfield's Keep Britain Working review set to outline recommendations for both the government and businesses. The issue at hand is twofold: a dramatic increase in youth unemployment and rising levels of ill health among working-age adults.
The statistics are eye-opening. Over 9 million people aged 16-64 are neither in employment nor looking for work, while nearly three million have long-term ill-health as their main reason for being economically inactive. The situation is particularly dire for young people, with one in five not in education, employment or training due to disability and ill health.
To make matters worse, unemployment among people with disabilities has skyrocketed, reaching its highest rate since before the Covid pandemic. This trend is deeply concerning, as it suggests that the country's employment system is failing those who need support the most.
Business leaders have made it clear that they cannot continue to do more without significant investment in skills training, apprenticeships, and further education. However, with public finances under pressure, the government has limited room for manoeuvre.
The chancellor's promise of a "youth guarantee" will be crucial in addressing this crisis. Investment in programs that support young people with work-limiting health conditions and those with disabilities is essential to creating the circumstances where employers feel empowered to take action.
If the UK matches the lowest youth unemployment rate among OECD countries, it could deliver a significant boost to the economy of £69 billion. The alternative – a continued rise in benefits spending – would be catastrophic for both the public finances and the economy.
Ultimately, this crisis requires a collective response from businesses, the government, and policymakers. It is time for us to come together to address this pressing issue, which will determine the future prosperity of our country's young people and workers with disabilities.