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the crisis we cannot afford

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Presentation on theme: "the crisis we cannot afford"— Presentation transcript:

1 the crisis we cannot afford
Youth unemployment: the crisis we cannot afford

2 The imperative to act The ACEVO Commission on Youth Unemployment

3 Dover The ACEVO Commission on Youth Unemployment

4 What young people unemployed today will cost us over the next decade
Costs in 2012: £4.8 billion to the Exchequer through taxes forgone and the benefit bill £10.7 billion to the economy in lost output The scarring effects: £2.2 billion per year in lost potential tax revenues £689 million per year in additional future benefit payments The ACEVO Commission on Youth Unemployment

5 The current crisis and structural problem
The ACEVO Commission on Youth Unemployment

6 Policy proposals Job opportunities in 2012 Preparation for work
Options post 16 Reform of the welfare state The ACEVO Commission on Youth Unemployment

7 The ACEVO Commission on Youth Unemployment


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