Better skills are needed for better productivity, argues parliamentary report
Developing skills is key to solving the UK’s productivity problem, a report published today by the government’s Education Committee and Business, Innovation and Skills Committee has argued.
The paper, which features commissioned research from the National Institute of Economic and Social Research (NIESR), compares skills and productivity in the UK to that in the US, France and Germany.
The research highlights vocational qualifications, apprenticeships, training provided by employers and science, technology, engineering and mathematics (STEM) skills shortages as areas for the UK to consider more closely.
“Getting to grips with the UK’s productivity puzzle is crucial to our economic competitiveness and to improving workers’ living standards,” remarked Iain Wright MP, chair of the Business, Innovation and Skills Select Committee.