Brexit will cost young people up to £108,000 each in lost earnings, according to a new report

The report, entitled ‘Young People and Brexit’, by Thomas Peto, an economic researcher at the University of Oxford, also points to other ways the young will be punished by Brexit, including:

  • The loss of freedom of movement – with 78 per cent of 18 to 20-year-olds saying they will miss the right to live and work across the continent.
  •  They are disproportionately agency and part-time workers – where EU protections were resisted by the UK and are “most at risk of repeal after Brexit”.
  • The threat to EU youth education, training and employment initiatives – including the Erasmus+ scheme, allowing students to live and work abroad.
  • The minimum income threshold for UK nationals to bring foreign spouses or children into the country is set to be extended to EU nationals.
  • Some data protection rights will be lost – which will “particularly affect a generation who have grown up online”.

The report also cites polling suggesting that 71 per cent of 18-24-year-olds voted Remain in the 2016 referendum and that 84 per cent of 18-20-year-olds would do so now.

Written by By Project staff