On the one hand there are reports claiming unemployment is going down – The Office of National Statistics recently announced that unemployment was down 6.5 per cent points on the previous year. On the other hand, some businesses are complaining that they can’t build the workforce they require, due to a lack of skilled workers in the UK.
For example, The UK Commission for Employment and Skills found that 22 per cent of un-filled job openings were due to a lack of skills. This demonstrates that while employment is growing, there is a fundamental gap of skilled workers in the labour market. This needs to be filled if the UK is going to continue to attract businesses to the UK market and remain competitive on an international stage.