UK

This tag is associated with 640 posts

Skills in UK – Nine out of ten employees will need to reskill by 2030 : a strategy

Last month, the CBI welcomed the Prime Minister’s bold steps to help solve the urgent skills challenge facing the UK. But research carried out prior to the pandemic suggests the country is now at a fork in the road. Invest more in adult education to level up opportunity across the country and boost competitiveness. Or … Continue reading

Online Learning in UK – Two thirds of the workforce use it to help with work

The Learning Curve, a new report by Demos, supported by Google, finds that 10% of the UK’s economy output can be linked to online learning. Demos polled 20,000 people in the biggest report of its kind looking at online learning habits and their impact on people’s lives in the UK. That research was paired with in … Continue reading

Earnings of Grads in UK – Overall estimates obscure important heterogeneity in returns across subjects

This report provides estimates of the earnings returns to completing postgraduate degrees, for British and Northern Irish students studying in Britain. We use the Longitudinal Education Out- comes (LEO) dataset to account for differences in individuals’ background and prior university attainment to estimate the impact of postgraduate qualifications on earnings at age 35, relative to … Continue reading

Gig Economy and Self-Employed in UK – For a new self-employment centres, a Minimum Income Guarantee and a parity of rights and social security

Empowering the self-employed workforce Self-employment has risen significantly over the past two decades. The Covid-19 pandemic has exposed the fragile nature of work for many people in the UK – and the self-employed workforce is no exception. In this report, we bring to the fore some of the shared challenges faced by self-employed people, especially … Continue reading

COVID and Furloughed Workers in UK – Millions have returned to work but …

This morning, HMRC published its latest round of statistics on the Coronavirus Job Retention Scheme (JRS). For the first time, we have a time series of the number of furloughed workers, as opposed to the cumulative total, meaning we can see how use of the scheme has evolved since the start of April. Here are … Continue reading

Covid and Youth Unemployment in UK – Delivering an ‘opportunity guarantee’

We are facing the worst jobs crisis in a generation – with young people (18–24) set to be hit particularly hard. Covid-19 is first and foremost a health crisis, but it has increasingly morphed into an economic one as well. However, this will be fundamentally different to the 2008–9 crisis. In particular, it will result … Continue reading

COVID-19 Downturn in UK – What can previous recessions tell us ?

Understanding what we can and cannot learn from previous recessions is important for the current downturn- there are some similarities, but also some marked distinctions. The starkest difference is the occurrence of a discrete, immediate lockdown of some sectors. This contrasts with the archetypical recession in which economic activity slows down continuously, as firms shut … Continue reading

Young People Leaving Full-Time Education in UK – Employment rate are projected to be 13 per cent lower

The economic fallout from the coronavirus has taken the UK into uncharted territory, with fears that an additional 640,000 18-24-year-olds could find themselves unemployed this year alone. This briefing note focuses specifically on the prospects facing young people leaving full-time education today, highlighting the size and length of employment and pay scarring that they could … Continue reading

Going Green in UK – Highly-polluting industries employ 45 per cent of the workforce

To tackle the climate crisis, the UK Government has set a target of net-zero greenhouse gases by 2050. To achieve this target, a major transformation is required to prepare sectors and workers for the green economy. This report analyses the scale of the challenge and considers how sectors can adapt to avoid unemployment through the … Continue reading

COVID and the Self-Employed in UK – Have been hit particularly hard

The Covid-19 shock is one of the largest economic shocks that has taken place in living memory. The crisis has served to highlight the challenges governments face in extending social insurance to self-employed workers, for whom it is difficult to verify work behaviour. Chancellor Rishi Sunak described designing a “deliverable and fair” support package for … Continue reading

Homeworking in UK – Around 8.7 million people said that they have worked from home

Of the 32.6 million in employment, around 1.7 million people reported working mainly from home, with around 4.0 million working from home in the week prior to being interviewed for the survey. Around 8.7 million people said that they have worked from home; this is less than 30% of the workforce. Some industrial sectors, such … Continue reading

COVID in UK – Unemployment has risen markedly says the Bank of England

The Bank has published its quarterly Monetary Policy Report alongside an interim Financial Stability Report. Together, they provide a scenario for the path of the UK economy in the light of Covid-19 and assess the financial system’s resilience to that scenario. The spread of Covid‐19 and the measures to contain it are having a significant … Continue reading

COVID and Wage Subsidy in UK – Intense pressure this weekend to offer a massive “second wave”

The chancellor Rishi Sunak is under intense pressure this weekend to offer a massive “second wave” of financial support to businesses within weeks amid growing fears of a catastrophic early summer of spiralling unemployment and company bankruptcies. With the government’s £40bn job-retention scheme running until the end of June, business groups and the Labour party … Continue reading

COVID and Jobs in UK – Losses have disproportionately affected young people, women and the lowest paid.

Coronavirus is a public health crisis and the Government has rightly taken unprecedented measures to tackle it. This has included significant restrictions on much social interaction and economic activity. The result has been the sharpest spike in unemployment on record. There were one million claims for Universal Credit in a two week period, 7.3 times … Continue reading

COVID, Jobs and Lockdown in UK – Can take more than 6.5m jobs out of the economy

Estimates produced by the Institute for Social and Economic Research (ISER) at the University of Essex suggest the lockdown can take more than 6.5m jobs out of the economy -around a quarter of the total.The study led by Professor Matteo Richiardi with ISER researcher Diego Collado uses ONS data to predict job losses by sector.Using … Continue reading

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