Former M&S chief appointed to tackle UK youth unemployment crisis
Summary
Marc Bolland, a former chief of Marks & Spencer, has been appointed as a government adviser to address youth unemployment in the UK. He will lead efforts with business leaders to create job opportunities for young people, following a report warning that youth unemployment could rise significantly without action.Key Facts
- About 1 million young people aged 16 to 24 in the UK are not in education, work, or training, known as "Neets."
- The number of Neets could rise to 1.25 million by the 2030s if nothing changes.
- Marc Bolland will serve as lead non-executive director at the Department for Work and Pensions (DWP).
- Bolland has experience with the charity Movement to Work, which has helped over 200,000 young people find jobs.
- He will work with top business leaders and charities, especially supporting disabled young people’s access to training and jobs.
- About 60% of young people have never had a job, compared with 40% in 2005.
- The youth unemployment crisis is estimated to cost the UK economy around £125 billion.
- The government currently spends much more on benefits for young people than on programs to help them find work.
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