The 2021 Budget is done and dusted. Liz Emerson, IF Co-founder, looks at the highs and lows for younger and future generations, using the lens of intergenerational fairness – on a Budget that the Chancellor called “honest” and “fair”
Tag: unemployment
Young people hit hardest by rising unemployment
As we approach the milestone landmark of a year since the first UK lockdown began, newly released data from the Office for National Statistics (ONS) reveal just how damaging this past year has been for young people’s employment prospects. Lizzie Simpson, IF Researcher, explains
Does the new Job Support Scheme do enough to help young workers?
Last week Chancellor of the Exchequer Rishi Sunak unveiled the government’s new support measures which are designed to help workers who have been affected by the COVID-19 crisis. David Kingman looks at what they could mean for younger workers whose living standards are at risk
The scars of COVID-19
The COVID-19 pandemic is laying bare intergenerational inequities that have already deepened after the Global Financial Crisis and will be significant challenges for the post-COVID recovery, argues Lukas Sustala, Director of NEOS Lab, the Vienna-based think tank and academy of NEOS, a liberal Austrian party. In his book Zu spät zur Party (“Too late to… Read more »
Poverty and homelessness: the risks remain
COVID-19 might have threatened to bring the scourge of homelessness to many more people in the UK. A swift response averted that crisis, but strong action on homes and work-creation is still needed to “Ride Out Recession” and prevent a descent into poverty, says John Bird (Lord Bird), founder of the The Big Issue and… Read more »
Australia under COVID-19: still “the lucky country”?
The disease itself may have touched Australia relatively lightly, but the wider consequences have hit the young particularly hard, especially in employment. Danielle Wood and Owain Emslie, CEO and Senior Associate respectively at the Grattan Institute in Melbourne, reveal the facts and figures, and the broader patterns that underlie them.
How much could COVID-19 cost future generations?
After nearly three months of extreme social distancing in the UK, more and more data are beginning to emerge which highlight the severe negative impact that the pandemic is having on the UK economy. Given that we are likely to be paying for the financial cost of fighting COVID-19 for years to come, how big… Read more »
Will self-employed young workers be left struggling because of COVID-19?
Extraordinary measures have been put in place to try to slow down the spread of COVID-19, which have made it much harder for many self-employed workers to earn a living. David Kingman looks at how much impact the government’s new COVID-19 mitigation strategy could have on young workers who fall into this category – who… Read more »
Low-paid younger workers: the biggest winners in the 2019 general election?
British politics is currently extraordinarily divided. Yet, surprisingly, there seems to be one thing that both Labour and the Conservatives agree on – raising the minimum wage for younger workers. David Kingman takes a look at what this could mean
Why is there a lower minimum wage for younger workers?
Under the current minimum wage legislation, younger workers in the UK can be paid less than somebody who is older than them for doing the same work. David Kingman looks at the economic arguments for designing the minimum wage like this, and the prospects of change in the future