Neet News & Analysis
2 articles
Market Mood
1 in 6 Young People Not in Work by 2031, Report Warns
A major review indicates that one in six young people in the UK may not be in education, employment, or training (Neet) within five years without intervention. The unemployment rate for 16 to 24-year-olds is currently 16.2%, the highest since 2014 and over three times the overall unemployment rate of 5%. The report predicts 1.25 million young individuals will be Neet by 2031, compared to 957,000 recorded in late 2025. Government officials acknowledge the need for urgent action and increased support for young people seeking employment.
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Government Spends 25x on Benefits for Youth vs. Jobs Support
Former minister Alan Milburn stated that the government allocates 25 times more funding to benefits for young people than to employment support. With nearly 957,000 young individuals classified as NEET (not in education, employment, or training), making up 12.8% of the age group, Milburn called for a complete system reset. His findings point to significant failures in the welfare, education, and health systems. The first part of Milburn's report will detail this financial disparity, which highlights critical areas needing reform by the Labour party in the UK.
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