Photo by Henry Nicholls / WPA Pool/Getty Images Alan Milburn, who was health and social care secretary between 1999 and 2003, has published his landmark interim report on Neets . These are the almost 1 million young people between the ages of 18-24 who are not in employment, education or training. Pat McFadden, the work and pensions minister who is overseeing the report, said Milburn’s findings “laid bare the scale of the challenge” ahead for the government. Milburn’s assessment is stark. If action is not taken, the number of Neets could increase by 16 per cent to over 1.25 million in the next five years. More than half of those 1 million young Neets have never had a job. The cost to the state is already £125bn; if all of those 1 million young people were in work it would have contributed £38bn to UK GDP. The coverage this morning has predictably focused on unemployed graduates. 15 per cent of Neets have university degrees and are unable to find work.…