The study, carried out by the National Centre for Social Research, found that young people who had been bullied at 14 or 15 scored an equivalent of two GCSE grades lower than other young people.
The research found almost half of 14-year-olds say they have been bullied, with 41 per cent of 15-year-olds saying they were bullied, and 29 per cent of 16-year-olds.
Girls were more likely to be bullied than boys in the younger age groups, although boys were more likely to suffer violence or threats. White young people were significantly more likely to report being bullied than those from ethnic minorities.
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