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Young people hit hardest by Brexit - report

Young people hit by the last recession could be the first to suffer again if a Brexit occurs, according to the CBI and ManpowerGroup.

By Jon Francis | Published: 6th June 2016 Business

Following the last recession, the employment rate for 22 to 30-year-olds fell by 4%, while remaining unchanged for 31 to 59-year-olds and the same age group saw real pay fall three times as much compared with over 30s, according to the Institute for Fiscal Studies (IFS).

Now the UK’s premier business group and ManpowerGroup, a leading global recruitment firm, are warning that in the event of another serious economic downturn young people will likely be hardest hit again.