The Government made an empty promise when it said the apprenticeship levy would boost the amount of money employers spend on workplace training, claims a new report from the CIPD. Addressing employer under-investment in training, the case for a broader training levy reveals that 31 percent of levy paying employers say the levy will lead them to increase the amount they spend on training. This is down from 45 percent in July 2017 when it was introduced. More →

New analysis by economists at PwC claims that, if the UK could match Sweden in terms of its employment rates for women aged 25-54, older workers and the proportion of its young people not in employment, education or training, the potential boost to UK GDP could be as much as 12 percent, or around £250 billion at 2018 values. Although the UK labour market has been strong in recent years – the employment rate is at a record high of over 75 percent and unemployment is at its lowest level since the mid 1970s – new research from PwC indicates that performance is middling compared to other OECD economies. A new composite Labour Market Performance index, combining results from PwC’s Youth Employment, Golden Age and Women in Work indices, finds the UK is 19th overall amongst OECD countries. Iceland and Sweden top the combined index rankings based on the latest available annual data for 2018. More →