Milburn says review puts annual cost of youth worklessness at £125bn

What was said

"So we estimate in our first report that the drag on Britain's economy in terms of growth amounts to about 125 billion quid a year from not having these young people in work."

Alan Milburn says his review’s first report estimates UK growth is held back by about £125bn a year because some young people are out of work. He argues investment in human capital should be treated as a long-term priority alongside infrastructure and technology spending.