We were given more bad news on the economy last month, with the independent Office of Budgetary Responsibility (OBR) predicting a further decline in economic growth and a continued rise in unemployment. Next year unemployment is expected to reach 8.7 per cent - far higher than previously predicted. As a result, the government is having to borrow more money, in part to cover the rising cost of unemployment benefits. This protracted spell of low growth and high unemployment is hitting young people the hardest. The latest Neet statistics showed the biggest rise since records began. As young people leave education they are finding that there are few jobs available for them.
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