19 November 2017

  |  CBI Press Team

News

'Investing in skills is at heart of building an economy fit for the future'

The Treasury has announced a National Retraining Partnership between the Government, CBI and TUC.

'Investing in skills is at heart of building an economy fit for the future'

Carolyn Fairbairn, CBI Director-General, said:

“Investing in all our skills is at the heart of building an economy that is fit for the future. Skills are vital to competing globally, and seizing the opportunities of the 4th industrial revolution. This is the best way to drive the productivity the UK needs to increase pay.

“The CBI looks forward to working alongside the Government and the TUC to build an approach that works for the long-term. It is the training decisions that take place every day in businesses across the country that will make a difference – so a genuine partnership is needed to get the system delivering effectively for businesses and employees.

“Businesses across England will welcome this new commitment, which must go hand in hand with Government readiness to reform the skills system to meet the challenges that the partnership identifies, including the apprenticeship levy.”