PwC warns that future of a generation is at risk and that jobs crisis is costing UK economy up to £26bn a year
Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation’s future at risk, research has warned.
Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain’s economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness.
In its annual youth employment index, it said the UK was falling behind other advanced economies amid a deterioration in the youth jobs rate to a 10-year low while other comparable nations were making progress.
Out of the 38 nations in the Organisation for Economic Co-operation and Development (OECD), it said the UK had dropped four places from a year earlier to 27, losing ground to countries including Mexico, France and Estonia.
