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Some under-25s should get less benefits, Milburn review to say

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Core Development: Some under-25s should get less benefits, Milburn review to say
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Market & Financial Impact: The proposed radical overhaul of the welfare system would move under-25s off the main sickness benefits.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Some young people could see reductions to the benefits they are entitled to, under a radical overhaul of the system to be recommended by a government-commissioned review.

Alan Milburn's year-long report, which will be published on Tuesday, will recommend moving under-25s off the main sickness and disability benefits, the Times reported, external.

Milburn, a former Labour health secretary, has been tasked by the government with helping reduce the one in eight 18- to 24-year-olds in the UK who are not in education, employment or training - or "Neet".

He said on Wednesday night that his plans would not be "pain-free" and would affect both existing and new claimants.

His report is expected to recommend that under-25s are no longer able to claim the health element of universal credit or personal independence payment (Pip).

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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