Commissioned by The Prince's Trust, The Cost of Exclusion finds that youth unemployment sets the UK back 90m a week in benefits and lost productivity; that youth crime costs more than 1bn a year in expenses to the criminal justice system, health services and damage to property; and that educational underachievement costs 18bn in lost earnings and other costs over the working life of a generation of young people.
The report concludes that "a massive effort to attract young people into the potential labour force is justified on economic grounds alone".
Martina Milburn, chief executive of The Prince's Trust, said that the figures in the report, which took a year to compile, were "conservative". She said: "We don't see this as alarmist."
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