New CBI report assesses the UK’s reskilling challenge between now and 2030 as we look to build back better from COVID-19.
Last month, the CBI welcomed the Prime Minister’s bold steps to help solve the urgent skills challenge facing the UK. But research carried out prior to the pandemic suggests the country is now at a fork in the road. Invest more in adult education to level up opportunity across the country and boost competitiveness. Or maintain business as usual, risking sustained unemployment and skills shortages.
The CBI’s new report Learning for life: funding world class adult education, based on McKinsey & Company analysis, shows that nine out of ten employees will need to reskill by 2030 at an additional cost of £13 billion a year. With COVID-19 now accelerating changes to the world of work, the UK must use this momentum to drive a national reskilling effort. Learning for life also sets out how boosting business and Government investment in reskilling would improve job satisfaction and raise living standards.
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