UK risks ‘lost generation’ of young people out of work; first-time buyers face toughest time since financial crisis – business live

Rolling coverage of the latest economic and financial newsNumber of Neets in UK could hit 1.25m by early 2030s, Milburn review will sayNew data from Zoopla this morning highlights the affortability challenges facing first-time buyers, showing:First-time buyers are targeting homes worth £10,000 more than a year ago, with average prices up 4.3% to £254,750 — nearly 3x the rate of UK house price growthThere are 6% fewer first time buyers in the market than this time last year.“Most young people wan...