In the next five years, 1.2 million young people are forecast to be unemployed. This is not just a national issue. Youth unemployment percentages internationally set an alarming global trend. In Spain it is 40 per cent, the Middle East and North Africa averages 25 per cent, and in the US and France it is also above 20 per cent.
I have spoken to different City firms that share concerns over youth unemployment. I have outlined how the UK should focus, co-ordinate and lead by example in supporting our disadvantaged young people. The education system is failing to prepare young people for work. Too many are unable to read and write. The Wolf report on vocational education highlighted that many study qualifications that actually harm their long-term prospects. What's more, the labour market is failing to provide the right jobs in the right places, leaving many with limited opportunities or skills that do not match the local economy.
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