Cuts 'will push graduates to south'
Tuesday 15 February 2011
Cuts in public spending could spark a "brain drain", with graduate retention being hit in cities outside the South East, a new report has warned.
The Work Foundation said graduate unemployment, already at 20%, was likely to get worse in the short term as a direct result of the Government's austerity measures.
In the longer term this could result in a "flight" of young graduates from areas such as the North of England which are dependent on the public sector for jobs, it was warned.
The past decade has seen big increases in the number of young graduates in cities such as Leeds, Sheffield and Rotherham, driven by public sector expansion, said the report.
Young graduates in the North and the Midlands were now disproportionately employed in the public sector, which had "serious implications" for public sector cuts being brought in by the Government.
Jonathan Wright, author of the report, said: "The coalition must demonstrate its commitment to rebalancing the economy. High-skilled graduates are vital for urban innovation and growth. With the scrapping of schemes such as the Future Jobs Fund, the coalition must now focus on developing strategies aimed at integrating the highly skilled into local private sector jobs.
"Earlier research has indicated that the growth potential of places in the South East far outweighs those in the North. The flight of young graduates due to public sector job losses in the regions would exacerbate this trend, disproportionately hindering economic recovery in the North and Midlands.
"This must be recognised and taken into account as the coalition implements its cuts agenda over the next four years."
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
Greece debt crisis: Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum to avoid crashing out of the euro
Greece crisis: Referendum exposes a gaping hole at the heart of the European Union – its lack of genuine legitimacy
- 1 Florida man sentenced to two-and-a-half years for having sex on the beach in front of a child
- 2 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 3 Nick Kyrgios calls former Olympian Dawn Fraser a 'blatant racist' after she tells Wimbledon star to 'go back where their parents came from'
- 4 World learns of app that shows you who unfriended you on Facebook, app promptly crashes
- 5 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
£22000 - £27000 per annum: Recruitment Genius: To contribute to the day-to-da...
£17000 - £23000 per annum: Recruitment Genius: It is also essential that you p...
£27000 - £30000 per annum: Recruitment Genius: This Edinburgh city centre scho...
£30000 - £31000 per annum: Recruitment Genius: An independent boys' school sit...