FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Northwest hit by youth unemployment

A report by the Prince's Trust has today revealed that more young people in Liverpool and Manchester are growing up in jobless households than anywhere else around the country. The figure for Liverpool and Manchester equates to one in three with a figure for the UK as a whole of one in six. The situation for the Northwest of England overall is very difficult and very challenging to say the least.

The report by the Prince's Trust found that 77% of young people in the northwest of England from workless households have struggled to find employment and 9% had already moved over to benefits because "this was what their family were doing". There are grave concerns that unless this cycle of unemployment, depression and the benefits system is broken as soon as possible the UK employment market may well lose out on yet another generation of workers.

While the situation is not quite as bad as areas such as Glasgow, which is renowned as the benefits capital of the UK, there is no doubt that some areas of the UK are finding it much tougher than others. The UK government has very limited funding available to introduce employment initiatives and therefore many will have to struggle under their own steam in the short to medium term.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue