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Hiring 18-year-olds costs 40% more than a decade ago, report says

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  • Tony Blair Institute urged Labour to provide tax breaks for businesses hiring younger workers.
  • The statutory cost of employing an 18-year-old was around 40% higher in 2025 than 2015.
  • Royal Mail, Octopus Energy, Greene King, Lloyds Banking Group and NatWest backed youth employment initiatives.
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