Young people in locked-down sectors of the economy face jobs crisis, says IFS

Career prospects could be ‘severely dented’, warns IFS

Young people working in the hospitality and retail sectors face a jobs crisis that will extend well beyond the coronavirus pandemic, a new report has warned, as Britain braces for a deep recession as a result of the crisis.

Research published by the Institute for Fiscal Studies (IFS) found growing evidence that the impact of the UK’s lockdown has “severely dented” young people’s work prospects.

It comes just days after prime minister Boris Johnson acknowledged the scale of incoming economic downturn to come, warning that “many, many” jobs would be lost in the coming months.