To recover from COVID and Brexit, the UK must upskill its workforce

The twin forces of COVID and Brexit are altering the skills that people require to succeed in work. Skill levels remain low in the UK, compared to other advanced nations. About 30% of adults have low skill levels in literacy and/or numeracy, putting the UK as 12th highest out of 29 OECD countries. Job-related education and training is the key pathway to upskilling and wage progression for adult workers, and one of the biggest components of intangible investments by firms. Josh De Lyon and Swati Dhingra explore ways to incentivise employers to invest in training.