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The Cost of Exclusion; counting the cost of youth disadvantage in the UK, 10/04/07 [E/NI/S/W]

Research undertaken by the London School of Economics into youth unemployment. The report warns that youth unemployment is costing the UK economy £10 million a day in lost productivity. Together with the £20 million-a-week the government pays out in Jobseeker’s Allowance, the young unemployed are costing the UK billions of pounds each year. The report, based on research conducted by the Centre for Economic Performance, also reveals that youth crime is costing the UK economy £1 billion every year while educational underachievement costs £18 billion in lost earnings. It recommends that more investment is needed to help young people in the UK’s deprived communities who are not in employment, education or training (NEET). It argues that helping young people gain the key skills to find work represents value for money given the measurable costs of social exclusion.

For full details read the publication, The Cost of Exclusion; counting the cost of youth disadvantage in the UK, which is available on the Prince's Trust website.

Further information

The Cost of Exclusion; counting the cost of youth disadvantage in the UK
Prince's Trust