BRITAIN’s generational economic disparities have increased further during the coronavirus crisis as the young lost out to older people, the Resolution Foundation warns in a report published today. 

Research by the leading think tank found that young people had initially been hit hardest by the economic impact of the pandemic, with a higher increase in unemployment compared with those aged over 65.

Between February and August this year, the proportion of 18 to 24-year-old workers on furlough fell from 22 per cent to 4 per cent, compared to a drop from 18 per cent to 7 per cent for workers aged 65 and over, said the report.