It’s never easy being young. The hormones, the debt, the uncertainty: the burden hangs heavy. Under Labour, it’s become even harder. In the period April-June this year, there were 981,000 Britons aged 16-24 classed as not in education, employment or training (NEET). This is both morally and fiscally unconscionable. Being a NEET is not fun, […]
Britain is looking for the effects of artificial intelligence in all the obvious places: redundancies, vacancies and unemployment numbers. So far, there is little evidence of dramatic change in overall headcount. The Office for National Statistics reports that most British businesses using AI have not changed the size of their workforce, even as AI adoption […]
This week, consultation closed on the Government’s proposals to place further restrictions on the use of zero-hour contracts. Labour’s intention was signalled in last year’s Employment Rights Act, which obliges employers to offer a guaranteed-hours contract based on the average hours worked in a ‘reference period’, to give workers ‘reasonable notice’ of shifts, and to […]
This morning the Guardian reported ‘Number of young people in UK not in work or education falls below 1 million’. Technically yes. The ONS released new statistics today which show that the number of people aged 16 to 24 not in employment, education or training (NEET) is down 30,000. Unfortunately, it is not cause for […]
Few people enjoy gazing into the crystal ball more than economists. Attempting to divine the future, otherwise known as forecasting, is a numerically intensive pastime of many people in the profession. It is also a common mandate of many state institutions. For instance, the Office for Budget Responsibility (OBR) produces aggregate forecasts of government receipts, […]
Zia Yusuf has announced his proposal for a ‘Deliveroo law’ which would make it a criminal offence for CEOs and company directors to use or employ illegal immigrants, i.e., they’d face jail for non-compliance. And if that were not enough to discourage them, 10% of their global turnover could be seized for repeated breaches. Irrespective […]
The Iran war has created the largest supply disruption in the history of the oil market, beating the shocks of the 1970s and the war in Ukraine. Whatever happens with Donald Trump and the Strait of Hormuz, the Middle East oil industry cannot afford to be this exposed again. The Gulf has the money and […]
The Government is consulting on a requirement for the provision of pay details in job advertisements. This is part of a wider consultation being run by the Office for Equality and Opportunity (OEO) on equal pay and pay discrimination. The remorseless expansion of the scope of equality legislation never slows, driven as it is by […]
The media headlines all tell a consistent story about AI and employment: We’re doomed! ‘Robots may shatter the global economic order within a decade,’ says The Telegraph. ‘A World Without Work’ is coming, The Atlantic predicts. ‘The brave new world of robots and lost jobs’ is upon us, The Washington Post says. Most gloomily, Forbes […]
Schools do not exist in isolation from the economy. The number of young people who are not in employment, education or training (NEET) is, in large part, a function of the economic conditions in which they leave education. When growth is weak, entry-level opportunities are scarce, employers are cautious and the public finances that pay […]
Andy Burnham said this morning how seriously he takes Alan Milburn’s review of youth unemployment. If that’s true, he should pay close attention to one of its most important findings: the cost of employment is standing in the way of businesses hiring young people. Since Labour came to power they have put up the cost […]
Brace yourself, but I don’t mind Michelle Obama. Sure, she might prattle on about the evils of white, corporate America too much for my liking, but the former First Lady certainly doesn’t suffer fools gladly, and this was on full display at this week’s SXSW festival in London. Addressing the crowd, Obama warned young people […]
Youth unemployment is one of those issues that politicians across the spectrum agree is a scandal. The debate tends to focus on training programmes, welfare incentives, employer subsidies. These things matter. But a report published today by the Jobs Foundation points to something more fundamental: the businesses that would employ young people are not growing […]
Too many of Britain’s next generation are in danger of being cut adrift from the world of work. The latest figures show that one in eight of those aged 16-24 are currently not in education, employment or training – or NEETs. Such a figure – which equates to more 957,000 people – has been unimaginable […]
Today’s labour market statistics are the usual jumble of sometimes conflicting indicators, based on different periods and using different methodologies. However, it is clear that the unemployment rate is continuing its slow upward creep, with the overall rate now at 5.2%, the highest since the Covid pandemic (when an understandable blip reversed a long trend […]
Britain is a world leader! Nope, not in economic growth, opportunity or general happiness, but in the size of its human resources industry. Just when it seems as though the 2020s couldn’t get any more joyless, Blighty outdoes itself. A new report from the think tank Policy Exchange exposes just how large and overbearing our […]
‘We came into work on a manifesto to make work pay’, Jo Stevens, Labour’s Welsh Secretary, told Radio 4 this week. ‘And that’s exactly what we’re doing.’ Well, Ms. Stevens, the Office for National Statistics (ONS) has a different story to tell. Youth unemployment is now at its highest level in 11 years. Almost one […]
Ministers have tried for months to hand-wave away Britain’s increasingly desperate jobs figures with unconvincing excuses. ‘It’s AI, it’s global factors, it’s post-pandemic adjustment, it’s bad data,’ go the refrains of the unlucky few foisted on the media round for the monthly ONS release. The increasingly obscure ministers Labour HQ have put up may play […]
While the Covid pandemic was a pretty universally horrible experience, one of the few positives to emerge from it was the rise of working from home. For a great many people, no longer having to commute into the office five days a week has been a great boon. However, there are a certain number of […]
Before Covid, flexible work was an unusual perk. But as lockdown upended our way of life, the drive for working when, where and how an employee chooses accelerated. Insofar as there has been a return to the pre-pandemic era, it has been limited. In some quarters, the idea that workers might be obliged to follow […]
When Labour took office in July 2024, Britain’s unemployment rate stood at 4.2%. Today it is 5.1%, the highest level since early 2021 and rising in a way that should trouble any Chancellor, especially one who has produced two tax-raising Budgets in succession. Ministers say the labour market is simply normalising, but the pattern now […]
This article is the latest in a fortnightly series of policy proposals from John Penrose and the Centre for Small State Conservatives. You can read the previous instalments here. This week, the Government announced a multi-million-pound boost for apprenticeships in an attempt to improve young people’s life chances with a smoother transition from school into education, work […]
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