Long-term youth unemployment is costing taxpayers more than £180m a year, according to new analysis by Labour. Rachel Reeves, the shadow Work and Pensions Secretary, seized on the figures, arguing that youth unemployment was “a huge waste of [their] talents and potential”. Nearly 30,000 people aged 24 and under have been on the dole for longer than a year and each is estimated to cost the economy £6,243 a year in benefits and lost tax revenue. A Department for Work and Pensions
The entrepreneurial spirit is alive and well in Britain’s universities, with almost a quarter of university students running their own business or planning to do so, according to new research. The study by research firm YouthSight of 2,000 full-time undergraduate students estimated the collective turnover of student businesses is more than £44million a year. Some 24 per cent of those surveyed were running their own business or planning to start one while studying. The most popular ventures were in technology-based
According to a labour market analysis from Centre for Cities, a think tank that studies the UK’s urban economics, Youth unemployment varies considerably from city to city. Before the recession, 13.8 per cent of working population aged 16–24 was unemployed compared with 16.2 per cent today. At 5.9 per cent of young claimants, Oxford has the lowest long-term unemployment, while Warrington has the highest, with over a quarter of unemployed young people looking for work for a year or more. Overall, youth unemployment
We are pleased to announce that we have being awarded £9,985.00 from AwardsforAll to support unemployed young people with a range of Skills-based workshops to improve their future employment prospects. Here is the press announcement: “This is a project by a community organisation in Barnet. The group will use the funding to purchase a range of electronic equipment in order to provide training workshops for unemployed young people, and hire a consultant to develop a business plan for the organisation.
Saturday 29th November, TESYouth ran interactive taster workshops for young people in Interview techniques, Boosting self-confidence and Start your own Enterprise. The event was from 12:00-5:00pm at Lift, 45 White Lion Street, Islington, N1 9PW. Ignite is a personal development and employability skills event aimed at engaging 200 young people from the boroughs of Barnet, Brent, Camden, Enfield, Haringey, Hackney and Islington.
