Updated
Updated · Furniture News Magazine · Jun 15
80 UK Retail CEOs Urge PM to Cut Hiring Costs as 1.25 Million Youth Jobs Risk Looms
Updated
Updated · Furniture News Magazine · Jun 15

80 UK Retail CEOs Urge PM to Cut Hiring Costs as 1.25 Million Youth Jobs Risk Looms

3 articles · Updated · Furniture News Magazine · Jun 15

Summary

  • More than 80 major UK retail CEOs told Prime Minister Keir Starmer that rising employment costs are choking entry-level hiring and worsening youth unemployment.
  • The British Retail Consortium said higher National Insurance, years of above-inflation National Living Wage rises and tighter employment rules are pricing retailers out of taking on young workers.
  • Alan Milburn’s interim review warned 1.25 million under-25s could be unemployed within five years, adding urgency to the industry’s call for action.
  • Retailers said the sector provides almost a quarter of youth employment but has already lost 400,000 jobs over the past decade, putting a key route into work at risk.
  • The letter asks for a joint government-retail taskforce, lower costs for employing young people and skills and employment reforms that protect entry-level recruitment.

Insights

As Britain offers youth hiring grants, are new labor laws simultaneously making young people unemployable?
Why does a UK welfare rule force poor families to choose between their child's career and financial stability?