The future of work: a vision for the national retraining scheme

This report outlines a vision for the National Retraining Scheme. At its core is the creation of a Personal Learner Account that will help nudge millions more British workers to seek upskilling opportunities throughout their working lives. Fundamentally we find it is essential that people retrain before they find themselves unemployed. We estimate a £125 billion boost to the economy if every worker increased their skill attainment by one level. This report also argues that the Government needs to urgently review the generosity of FE funding going forward. If taken up, these policies will help prepare the British workforce for the future.

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