A major new report has warned that Britain risks creating a ‘lost generation’ as opportunities for young people continue to decline. Former minister Alan Milburn said that education, welfare, and healthcare systems are no longer preparing young adults effectively for work and adulthood. Official figures show over one million young people are now classified as not in education, employment, or training (NEET), the highest level in more than twelve years. Many young people report sending dozens or even hundreds of job applications without success, while entry-level jobs in retail and hospitality have sharply reduced. The report highlights growing mental health struggles, social isolation following Covid lockdowns, and widespread discouragement among young adults. Despite this, most unemployed young people still want work or training opportunities. The economic cost is estimated at £125 billion annually. The Government has promised reforms, apprenticeships, and grants for businesses, while critics argue that rising taxes and economic pressures are making it even harder to secure youth employment across the UK.