Coupled with the prediction from Bank of England official David Blanchflower that around one million under 25s could be unemployed by September, the landscape for young people certainly looks bleak.
But as the recession bites, there is one organisation still trying to harness the skills and cash of private equity firms, the banking sector and big businesses to tackle the problem.
The Private Equity Foundation's chief executive Shaks Ghosh - the ex-boss of homelessness charity Crisis - is determined to battle through difficult times. "We know the winners of globalisation are private equity firms, banks and other large businesses. But the unintended consequence of globalisation is that people who don't have the skills for the new economy get left behind."
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
