Editor's note: This brief was summarised by The Property AI Team from a report by Guardian Economics. Read the original article for full details. Many UK teams now handle this with dedicated property inventory software.
Alan Milburn Highlights Generational Problem of Youth Inactivity
Alan Milburn, who is leading a major review into rising rates of inactivity among young people in Britain, has described the issue as a “generational problem” with significant impacts on the UK economy, government finances, and society. Milburn told MPs on the Commons work and pensions committee that there has been a rapid increase in the number of young people not in education, employment, or training (Neet), which has now reached almost 1 million.
The rate of young people who are Neet peaked at about 16.8% in 2012, before falling back and then recently increasing to 12.8%. Milburn noted that the nature of the problem has become more entrenched, with a higher proportion of young people who are Neet having never worked compared to 20 years ago.
Milburn is expected to publish a review into Neets and ill-health for the government later this month. He described the situation as both a labour market and health crisis, with each issue reinforcing the other.
For UK letting agents and inventory clerks, these trends may have implications for the rental market, as youth inactivity can affect demand for rental properties and the stability of tenancies.
Source: Guardian Economics