To ask the Secretary of State for Work and Pensions, with reference to the report by the Prince’s Trust and Learning and Work Institute entitled Facing the future: employment prospects for young people after Coronavirus published in March 2021, if she will respond to the finding in that report that youth unemployment will have a fiscal cost of £2.5 billion in 2021.
We have reviewed the report to which the Honourable Lady refers. DWP has made no assessment of the fiscal cost of unemployment outlined in the report.
We recognise that younger people have been some of the hardest hit by the pandemic. Our DWP Youth Offer provides the wrap-around support to help this group access so much of the positive provision stood up as part of the Plan for Jobs. Our Youth Employment Programme is complemented by joined-up local delivery through Youth Hubs, as well as specialist Youth Employability Coaches for those with complex needs. Our £2bn Kickstart programme is helping young people into jobs and opportunities which will enhance their future employment prospects and help the economy to recover.