Rolling coverage of the latest economic and financial news
Youth unemployment in the UK is set to hit almost 18% next year, as the rollout of AI systems destroys some entry level jobs.
The British Chambers of Commerce has predicted that the UK’s youth unemployment rate will rise to 16.9% this year, up from 16.1% in the last quarter of 2025, and then hit 17.88% in 2027.
Youth unemployment remains an area of concern as labour costs and AI erode entry level jobs. It is expected to be 16.9% in 2026, rising to 17.8% in 2027.
With firms facing squeezed margins because of input costs and minimum wage increases, growth in average earnings is forecast to ease from 3.7% by Q4 2026 to 3.3% by the end of 2027.
The Middle East conflict is a major economic drag, with business investment now expected to fall by 2.2% this year, before moving back to –0.1% in 2027.
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Rolling coverage of the latest economic and financial news
Anthropic confidentially files for initial public offering on US stock market
Youth unemployment in the UK is set to hit almost 18% next year, as the rollout of AI systems destroys some entry level jobs.
The British Chambers of Commerce has predicted that the UK’s youth unemployment rate will rise to 16.9% this year, up from 16.1% in the last quarter of 2025, and then hit 17.88% in 2027.
Youth unemployment remains an area of concern as labour costs and AI erode entry level jobs. It is expected to be 16.9% in 2026, rising to 17.8% in 2027.
With firms facing squeezed margins because of input costs and minimum wage increases, growth in average earnings is forecast to ease from 3.7% by Q4 2026 to 3.3% by the end of 2027.
The Middle East conflict is a major economic drag, with business investment now expected to fall by 2.2% this year, before moving back to –0.1% in 2027. Continue reading…Technology | The Guardian