Building core skills for a productive, high-growth economy

"The UK is still grappling with what economists call the "productivity puzzle." Since the 2008 global financial crisis, growth in output per worker has been sluggish when compared with international competitors such as the United States, Germany and France. Weak productivity holds back wages, dampens economic growth and limits our ability to fund vital public services. The government has rightly recognised the need to kickstart growth."

"The case for upskilling Jules Bennington - Senior Policy Officer, Chartered Management Institute, explains that a dynamic economy depends on a workforce that can adapt, learn and innovate. Yet employer investment in training has struggled, falling by 28% since 2005, even as demand for employability skills continues to rise. Without decisive action to close skills gaps, the UK risks missing its growth ambitions."

UK productivity growth per worker has been weak since the 2008 global financial crisis, lagging behind peers like the United States, Germany and France, which reduces wages, economic growth and public funding capacity. The government identified eight high-potential sectors and created Skills England to boost technical and sector-specific expertise, but those steps are insufficient alone. Employer investment in training has fallen by 28% since 2005 while demand for employability skills rises. Essential skills—collaboration, communication, organising, problem solving and decision making—enable effective application of technical knowledge. These skills align with the CMI Professional Standard for effective management and leadership.

Read at Business Matters