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Bloomberg
The UK economy could get a 40 billion-pound ($51 billion) boost every year by creating more jobs for young people. That would be the benefit of reducing the percentage of the young not in employment, education or training to a level similar to Germany, a report by PwC said on Tuesday. The UK ranks 19th among the 35 Organization for Economic Cooperation and Development (OECD) countries. The country has made progress, with the number of 16-to-24-year-olds classified as so-called NEETs down to 760,000 from almost 1 million in late 2014, according to the Office for National Statistics. Still, as the departure from the European Union next year threatens to curb workers from other countries, the need to create more jobs and train the local population is becoming more urgent.