Alarm Raised as Nearly One in Five Young People in the UK Could Be Out of Work by 2027

Alarm Raised as Nearly One in Five Young People in the UK Could Be Out of Work by 2027

Youth unemployment is forecast to reach 17.8 per cent in 2027.The BCC says AI adoption and higher employment costs are limiting entry-level opportunities.The UK risks creating a "lost generation" of workers, according to business leaders.Artificial intelligence and rising employment costs could leave nearly one in five young people out of work by 2027, according to new forecasts that have intensified concerns about the future of Britain's younge…

BCC warns nearly one in five young Britons could be out of work by 2027 as AI and tax rises bite

Nearly one in five young Britons could be out of work within little more than a year, as higher payroll taxes, a sharply rising minimum wage and the relentless march of artificial intelligence combine to shut school and university leavers out of the jobs market. In a sobering update to its quarterly economic outlook, the British Chambers of Commerce (BCC), one of the country’s most influential business lobby groups, forecasts that the unemployme…

Youth unemployment set to hit 17.8 percent, business group warns

The British Chambers of Commerce has warned that youth unemployment could rise sharply as weaker investment and higher costs weigh on hiring plans.

BCC Economic Forecast: Growth To Remain Subdued - British Chambers of Commerce

The latest British Chambers of Commerce (BCC) Economic Forecast suggests growth will remain subdued in 2026 and 2027, as the reverberations of the Middle East conflict continue to be felt. The BCC is predicting weak business investment, higher inflation and falling exports.  The key points in the forecast are:  GDP in 2026 is expected to grow by 0.9% (compared with 1.0% in the previous forecast) then 1.0% in 2027, and 1.3% in 2028.  The Middle…