The youth unemployment crisis is costing Britain £125bn a year, a bombshell review has warned, as the number of young people not in work or education reached more than 1 million for the first time since 2013.
The eye-watering figure, which is more than the country spends on education and almost double the defence budget, is one of a number of stark revelations in the report by Alan Milburn, the former Labour health secretary, who warns that Britain is in danger of creating a “lost generation” unless it takes serious action to tackle the issue.
