Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

Milburn Hints Youth Wage Plan Could Be Reworked to Ease Hiring

Published Sep 8, 2026
Share:
Summary:
  • Alan Milburn says the UK should make it easier for employers to take on young workers as his youth jobs review nears completion.
  • He signaled the review could revisit plans to equalize pay across age groups, after recent youth minimum wage rises increased costs for employers.
  • Commissioned last November by former Prime Minister Keir Starmer, the independent review is due in the coming weeks and comes as nearly one million 16 to 24 year olds are Neet.

Milburn's signal: cost pressures are biting youth jobs

If bringing on a 19 year old feels pricier than it used to, Milburn says employers are telling him the same thing. Speaking while on a research trip in the Netherlands, he noted he's keenly aware that the latest increases in minimum pay for young workers have squeezed businesses, and he suggested his review might look at pausing or undoing planned moves to align pay between younger and older staff. "There is no doubt that this is high on the agenda of employers; I hear it continually," he told reporters. "That has had an impact."

What the review is tackling and when it lands

Milburn's review is aimed at helping the Labour government understand why youth unemployment is rising and at shaping policies to get more young people into work. The project was commissioned by Keir Starmer last November and is due in the coming weeks. Andy Burnham, who succeeded Starmer, has also pledged to address the problem. Milburn cautioned the challenge did not suddenly appear, pushing back on the idea it is a "two-year old problem," and said his review was "looking at all these issues in the round, looking at all the issues that employers are raising with us, that young people are raising with us that public policy has got to address".

Policy flashpoints: wages, apprenticeships and fit notes

While in office, Starmer's administration increased the statutory pay floor for people under 21 and set a course to equalize pay for everyone over 18. Alongside increases in employer National Insurance contributions, those policies have been blamed for the latest climb in youth joblessness. The number of 16 to 24 year olds not in education, employment or training is close to one million, according to the Office for National Statistics.

Milburn also indicated apprenticeship reform is in scope.

Sound pay and steady planning help protect your savings through changing economic times. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.

Southgate's view and where business can lean in

Former England manager Gareth Southgate joined Milburn in the Netherlands and has been campaigning on the pressures facing young people. He pointed to the hit from higher costs on entry level hiring: "The demise of the high street, the unintended consequences of things like minimum wage, national insurance: if you speak to people that run bars or restaurants, that's what they would say is inhibiting them from employing young people." He said "a mix of changing the mindset of how we look at these things, but also perhaps aided by some changes in policy, could really make a difference." Milburn, for his part, said companies should invest more in younger workers and that momentum is building: "There's a mood for changing this and employers wanting to contribute to it, and it can be infrastructure, defense, energy, retail, hospitality - you name it," he said. "Public policy's got a critical role to play in that as well, because we've got to make it as easy as possible for our employers to employ young people".

Why it matters for your money

If wage rules shift or apprenticeships get overhauled, sectors like hospitality and retail that rely on young staff could rework their hiring math, which can filter into prices, hours and service where you spend. The review runs independently and Burnham is not obliged to implement it, but he has labeled youth employment a priority, so the findings are likely to shape what comes next.

Keeping a calm, long term approach can help your money grow with confidence. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.

Disclosure

Recent News

1 2 3 … 103

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

October 16, 2026
How Boring Math Makes You Rich: The Briefs Money Spreadsheet, Explained
  • Briefs Money shows you what to do with every paycheck, and in what order: how much to spend, save, and invest, when to build an emergency fund, and which debt to pay off first.
  • The Climb to Wealth course walks you through the system step by step, and the Personal Finance Spreadsheet is where you track your own numbers.
  • Investing is one piece of building wealth. The system that gets money to your investments, and keeps it there, decides the outcome.
Read More
October 16, 2026
Common Investing Mistakes: Why a Stock Grade Is One Tool, Not the Whole Toolkit
  • The Briefs Score shows growth, income, and wealth preservation investors how well a stock fits their goal, with a separate letter grade for each one.
  • The most common mistake is treating the letter as an instruction. An A tells you a stock scores well for one goal, not that you should buy today.
  • Research works best as one input in a process you own. The grade shows how a stock stacks up. You supply the goal, the timeline, and the rules for being wrong.
Read More
October 16, 2026
How to Read a Company's Numbers Without a Finance Degree (Using Briefs Terminal)
  • Briefs Terminal lets you size up any public company in about ten minutes: what the stock costs, what it earns, how fast sales are growing, and what it pays you, all on one page.
  • It lines those numbers up against the company's closest competitors for you, so you can tell if a number is impressive or just average.
  • Below that are the income statement, balance sheet, and cash flow statement from the company's SEC filings, the latest news, and transcripts of its earnings calls.
Read More
October 16, 2026
What Type of Investor Am I? The Three Investor Archetypes, Explained
  • Briefs sorts its stock grades and monthly reports by three investor goals: growth, income, and wealth preservation. Pick yours and you know which report and which grade to read first.
  • Growth investors want stocks that beat the S&P 500. Income investors want to get paid in cash. Wealth preservation investors want stocks that hold up when the market drops.
  • The same stock can score an A- for one goal and a D- for another, so picking your goal comes before picking any stock.
Read More
October 16, 2026
How to Build a Stock Watchlist That Isn't Just Stocks You Heard About
  • A watchlist on Briefs Terminal lets you group stocks by the idea you're tracking and follow each one's price, one-day move, and 52-week high and low in one place.
  • Each list has its own name and description, so you always know why a stock is on it, and you can make as many lists as you have ideas.
  • The monthly growth, income, and wealth preservation reports under the Briefs Research tab hand you new themes to track that you didn't hear about online.
Read More
October 16, 2026
How to Choose an ETF That Matches Your Idea (Using the ETF Planning Tool)
  • The ETF planning tool takes an idea like "I want to invest in fast food companies," asks what you mean, and finds the ETFs that match, with the reasons, the holdings, and the sources.
  • Build a Plan then shows what your money could grow to in those ETFs over the years you choose, with conservative, expected, and optimistic estimates next to the S&P 500.
  • It gets you from an idea to an actual plan without researching dozens of companies one at a time.
Read More
October 16, 2026
Is This Stock a Good Buy? How to Use the Briefs Score to Tell If a Stock Fits the Way You Invest
  • The Briefs Score shows growth, income, and wealth preservation investors how well a stock fits their goal, with a separate letter grade for each one.
  • One stock can score very differently for each. Nvidia showed an A- for growth and a D- for income, because it grows fast and pays almost no dividend.
  • Seven sub scores under each grade show what earned the letter, so you can see exactly where a stock is strong or weak for your goal.
Read More
October 16, 2026
How to Tell an Asset From a Liability: The One Question to Ask Before You Buy Anything
  • The typical American household earned more in 2025 than in any year on record, yet only 30% of Americans say they could pay a surprise $1,000 bill from savings, so the problem isn't income but what the income gets spent on.
  • An asset puts money in your pocket and a liability takes money out, and the wealthy buy assets first, then let the assets pay for the fun stuff.
  • Before you buy anything, ask one question: does this put money in my pocket, or take money out of my pocket? Then you need a plan for the money you keep.
Read More
October 16, 2026
How to Build Your First $2,000 Emergency Fund and Wipe Out Every Debt Over 10%
  • Your first money goal isn't investing, it's $2,000 in its own account named Do Not Touch, built by moving 10% of every paycheck into it automatically.
  • More than a third of American adults couldn't cover a $400 surprise bill with cash or savings, according to the Federal Reserve, and that's how one bad day turns into years of credit card payments.
  • Once the $2,000 is there, attack every debt charging more than 10% interest, highest rate first, because you can't out-invest a 22% credit card so paying it off is the investment.
Read More
October 16, 2026
How to Invest Through a Crash: 3 Rules From the Worst-Timed Investor Alive
  • Meet Bunty, a fictional investor with the worst timing in history: he put $100,000 into the market in four chunks right before four crashes, never sold, and by 2025 it had grown to more than $500,000.
  • Investors who jump in and out of the market miss its best days, and missing just a handful of those days can cut your final result roughly in half.
  • The fix is ABB, Always Be Buying: you buy on a schedule through booms, crashes and scary headlines, which matches the market, and beating it takes knowing where the money is moving first.
Read More
1 2 3 … 29
Share via
Copy link