UK risks ‘lost generation’ of young people out of work; first-time buyers face toughest time since financial crisis – business live

Rolling coverage of the latest economic and financial news Number of Neets in UK could hit 1.25m by early 2030s, Milburn review will say Alan Milburn is discus…

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UK risks ‘lost generation’ of young people out of work; first-time buyers face toughest time since financial crisis – business live Rolling coverage of the latest economic and financial news Number of Neets in UK could hit 1.25m by early 2030s, Milburn review will say Alan Milburn is discussing his new report into the Neet crisis now, on Radio 4’s Today Programme. Milburn emphasisis that the UK risks a “lost generation” of young people out of work, training or education, with many being rebuffed when they apply for work, or never even hear back. It’s the silence that kills, it dents confidence. But more importantly, it kills hope. There’s no shortage of effort on their part. Now the shortage is of opportunity and of support. First-time buyers are targeting homes worth £10,000 more than a year ago, with average prices up 4.3% to £254,750 — nearly 3x the rate of UK house price growth…

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