The UK’s younger generation is in danger of being worse off than its predecessors, the government’s social mobility chief has warned, pointing to stagnating wages, marked geographic inequality and the impact of London’s “overheating” housing market.
Alun Francis, chair of Social Mobility Commission, an advisory body, said many younger graduates were starting to feel “the social mobility story doesn’t work anymore” and said that policymakers needed to come up with fresh ideas to help those on the lowest incomes.
Speaking ahead of the commission’s annual State of the Nation report, due to be presented to parliament on Tuesday, Francis said there had been “winners and losers” across society since the financial crash of 2008.
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