Professor David Blanchflower, the leading labour economist and recent member of the Bank of England's Monetary Policy Committee from June 2006-May 2009, discusses how the recession is affecting young people and their future prospects.

Respondent: Stephen Timms MP, financial secretary to the Treasury

Discussants: David Willetts MP, Shadow Secretary of State for Universities and Skills, Terry Ryall, CEO, v, the National Young Volunteers Service, Wes Streeting, president, NUS, Miles Templeman, director-general, Institute of Directors

Chair: Jack Grimston, The Sunday Times