Lack of jobs worst for the 16-24 year olds
BCC forecasts 2 million UK unemployed (5.5%) by 2028, youth unemployment 17.8%; inflation 3.8%, weak investment, 0.9% GDP growth. Tech hiring and digital transformation budgets face pressure; enterprises will defer projects and renegotiate vendor contracts.
UK youth unemployment heading to 17.9 per cent by spring 2027 (13-year high) from employer NIC increases and minimum wage hikes cutting entry-level roles. Junior talent shortage threatens tech hiring and signals broader economic fragility amid recession risks.
Labour was last night urged to cut taxes on jobs amid warnings youth unemployment is heading towards 18 per cent for the first time in more than a decade.
Joblessness is set to hit its highest level in more than a decade as unemployment surges by 400,000 under the Labour government.
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