A problem that requires immediate attention The British economy is suffering from a "low-gear economy" crisis, where small businesses are struggling to maintain their current workforce and unwilling to hire new employees. This has resulted in an increase in youth unemployment, with a rise of 4.7% within the category over the course of the year. Claire Lombardelli, Vice President of the Bank of England, highlighted that the war in the Middle East has contributed to this phenomenon. He said that the pressure generated by war has led to an increase in energy prices and made it more difficult for economic growth.

Furthermore, small entrepreneurs have decided to stop hiring new employees, creating an atmosphere of uncertainty that has led to delays in entering the labor market. Lombardelli also highlighted that the country is preparing for a decision based on interests related to taxes after interest from banks increased for the first time in three years. He added that the current situation is characterized by high volatility but also negative impact on employment. The economic crisis has had a significant impact on British young people, who were involved in the frontline during this period.

Lombardelli has stated that the crisis seems particularly heavy for young people because small businesses have decided to halt new hiring, creating an atmosphere of uncertainty which has led to a delay in entering the labor market. The British government has declared that its priority is resolving the problem of young people in the country. To achieve this goal, it is necessary to establish good relations with students and universities, and to take into account their opinions. Additionally, Lombardelli emphasized that the economic crisis had also negatively impacted young people, as they were involved in the first lines of defense. He said that the government is looking for ways to solve the economic crisis through adjustments to economic and financial policies.