The Lost Generation
From our UK edition
I always get it in the neck here when I quote Polly Toynbee. But maybe I will get away with quoting her quoting Professor Danny Blanchflower, who, like me, is warning against losing a generation to the recession. Here's the relevant passage from Polly's column in today's Guardian: "The man now on a mission to persuade Nos 10 and 11 to move fast is the only monetary policy committee member who saw the coming crash. Ministers are listening as Professor David Blanchflower urges emergency spending to prevent mass youth unemployment. With 800,000 under-25s out of work and another 600,000 leaving school this summer, he wants the budget to borrow £90bn to rescue them.