The OECD and the Institute for Public Policy Research came together this week to launch complementary reports on Britain’s long-term skills problem and what should be done about it. The event unfurled in august surroundings, at the offices of JP Morgan, in the old hall of what used to be the City of London School. Both reports were looking at an uphill task. Britain’s productivity has stagnated for the last decade, while wages have been coming down in real terms. Britain’s skills problems have been around for much longer. The government’s policy for addressing this is embodied in its Industrial Strategy, of which skills policy is one of ten ‘pillars’. This is where schools, FE colleges and universities come in.
The IPPR report identifies three problematic aspects of Britain’s skills system:
- skills produced are insufficiently valued and utilised in the workplace;
- the lack of high-quality vocational training and education provision; and
- a failure to tackle regional and social inequalities.
It is not hard to substantiate these claims. For example, Britain has one of the most (more…)