America’s skills crisis carries lessons for Britain

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Jobs, Skills and Pay

Yesterday’s FT contained one of those ominous stories that only grow in significance over time – the findings of a survey by Nielsen that reveals a huge, looming skills shortage in the US as the baby boomer generation retires. In the next five years, America’s top 100 industrial companies face an average training bill of … Continued

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Childcare double whammy: help is cut as costs soar

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Tax and Welfare

The survey (pdf) published yesterday by the Daycare Trust and Save the Children was a stark reminder of the soaring costs of childcare and the impact they are having on family budgets. Fifty eight per cent of parents in severe poverty said they were no better off working once they’d paid for childcare; 41% said they were considering giving … Continued

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Willetts plays snakes and ladders

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Incomes and Inequality

Social mobility has become something of a hot topic for the coalition. February’s Social Mobility White Paper made it the government’s number one social policy goal. Yet arguments over tuition fees have rather drowned out much of what they have to say on the topic, particularly when it comes to education and skills. So it … Continued

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‘Generation rent’ needs a helping hand

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Housing, Wealth and Debt

Without a clear signal from government of its commitment to  build-to-let development, we are unlikely to see  investment take off in a new type of private rented sector Yesterday’s report from the National Housing Federation predicted that by 2021 home ownership in Britain will have fallen to its lowest levels since the mid 1980s. 64 per … Continued

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Squeezed households will need higher wages

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Jobs, Skills and Pay

While Libya takes the spotlight, the British economy wheezes in the dark. Monday’s survey from Markit showed household finances worsening at their fastest rate since early 2009. Yesterday, a new poll from the Resolution Foundation confirmed that picture. Half of all low-to-middle income households say they’re running out of cash each month; only one in four are … Continued

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