The UK's 'lost generation' of jobless young people will cost the state £125billion a year, according to a damning new report.Former Labour Cabinet minister Alan Milburn said that the total was more than the country spends on education each year.His long-awaited review came as new figures revealed that the number of Neets – young people not in education, employment or training – passed one million today.Mr Milburn branded it a 'moral crisis' that one in six youths aged 16-25 will be on out-of-work benefits by the end of the decade.He found that Britain was an outlier in the EU with only Romania recording a higher youth Neet rate.Over the past decade, he found that the proportion of Neets who are suffering from a health condition that prevents them from working has increased by 70per cent.The proportion of disabled young people who are Neet citing mental health as their primary condition has risen from a quarter in 2011 to nearly half in 2025.Speaking at a press conference in north London this morning, Mr Milburn described the 'Neet crisis' as 'probably the most significant challenge facing our country today'.He said of the number of Neets passing the one million mark: 'It's actually more than a statistic - it's a warning.'A warning that far too many people are reaching adulthood only to find the door to opportunity closed.'