< img src="https://i.guim.co.uk/img/media/7d34d41d75323d6798ad4eb2f831a66c98cba392/0_0_1350_1080/master/1350.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&precrop=40:21,offset-x50,offset-y0&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=b5f0db62d5627927511c84f515c037cb" alt ="" > A landmark government-backed report has actually cautioned that the UK risks a ‘lost generation’ of young people, as brand-new figures show that more than 1 million 16- to 24-year-olds in the UK were not in education, employment or training.The previous Labour cabinet minister Alan Milburn said youth disengagement was a mounting financial risk to the nation, and prompted a basic reset of policy covering schools, the health service and the well-being state. Lucy Hough talks to the Guardian’s senior economics reporter, Richard Partington