Rising labour costs threaten job opportunities for young people, survey finds

Just 15% of the 682 firms polled between August and September said they were confident about hiring (Alamy/PA) - (Alamy/PA)

Rising labour costs risk holding back job opportunities for young people as firms are pushed towards experienced hires, a survey has found.

Some 73% of firms which took part in a Confederation of British Industry (CBI) survey said employment costs were the highest threat to the UK labour market’s competitiveness.