Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      ‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme

      FCA sign

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Dallas, Boston, New York New Jersey: Inside England’s Fifa World Cup stadiums

      Getty Images logo against a sleek, modern background, representing the influence of media in the business world

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Glengarry Glen Ross at the Old Vic fails to close

      Glengarry Glen Ross production at Old Vic Theatre showcasing intense business negotiations and dramatic performances

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 25 March 2019 8:12 am  |  Updated:  Monday 03 June 2019 1:19 am

School’s not out – Britain must become a nation of lifelong learners

By: Vince Cable and Rajay Naik

Add as a preferred source on Google

For the United Kingdom as for the wider OECD, the most important resources we have are the talents and endeavours of our citizens.

However, this is an asset that we are currently failing to nurture as well as we should.

The typical refrain from policymakers in response to this challenge is to consider how each new generation of children can be better prepared than the last.

We ask how standards can be improved in schools, how children from the most disadvantaged families can have their prospects lifted, and how more pupils can become students in the higher education sector at 18.

These are all vital questions, and there is nothing wrong with an instinct that children are the future. But this represents only half of the story.

Much of Britain’s future prosperity and social cohesion depends on how the existing workforce adapts to the emerging and rapidly changing labour market.

The government of David Lloyd George recognised this a century ago, casting adult education as “a permanent national necessity, an inseparable aspect of citizenship”, which should be “both universal and lifelong”.

Yet a century later, only 1.5 per cent of the UK education budget is spent on adult education. As we approach the 2020s, we risk leaving behind a generation presently aged in their 40s and 50s.

The challenge was given popular expression last week in Britain’s long-running soap Coronation Street. The fictional textiles factory workers have been told that their jobs in Lancashire are to be taken over by robots in Milton Keynes.

PwC estimates that a third of UK jobs could be similarly put at risk through breakthroughs in artificial intelligence during the next 15 years.

Last year, we convened an independent commission on the topic lifelong learning. With two thirds of businesses warning that the skills gap is a threat to the UK’s global competitiveness – and more than half not confident that there will be enough people in future with the necessary proficiencies to fill their high-skilled jobs – there was a clear problem.

After consulting with educators, employers and governments, last week we published the first report of our analysis and proposals to usher in a new era of learning throughout life. Key to this effort is making entry to education easier, accelerated by a refocusing of investment to put power in the hands of individuals and employers.

To help adult learners meet the costs of studying, our commission developed costed and comprehensive plans for a universal Personal Education and Skills Account (Pesa) for all adults in the UK. The government would contribute a total of £9,000 to the accounts in three installments, at the ages of 25, 40 and 55.

Employers and individuals could top up the accounts if they chose, and would benefit from tax relief or match-funding when they did. At times of increased unemployment or recession, the accounts would serve as a useful vehicle for government stimulus.

The Pesas would nurture human talent as our workforce moves from an era of multiple jobs to multiple careers. The government could complement these accounts – not dissimilar to Isas or pensions – with a renewed focus on career advice and support, helping people to anticipate and ready themselves for their next move.

Crucially, the investment required would mean refocusing less than one fifth of the current adult learning and apprenticeship levy budgets.

This would be a confident and clear reform to stimulate our nation’s workforce. It would put power in the hands of individuals and employers. And it is already gaining support across the political spectrum.

A century on from Lloyd George’s rallying cry, now is the time to prioritise Britain’s greatest asset – our people – and enable all citizens the opportunity to work, earn and learn.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Jobs and Money
  • News
  • Opinion

Categories

  • Business
  • Opinion
  • Personal Development
  • Politics

Related Topics

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

  • Starmer will resign, Trump says

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • Ocado to replace founder Steiner as shares plunge 

More from CityAM

  • Social media ban may push children to ‘darker corners of the internet,’ lawyers warn

    Legal
    Australia's policy, which came into force in December and bars children under 16 from major platforms including Tiktok, Instagram, Snapchat and X.
  • ‘Protecting children is right’: Starmer takes on Big Tech with social media ban for under-16s

    Politics
    Keir Starmer speaks in Downing Street
  • Starmer vows to end system ‘failing our kids’ ahead of expected social media ban

    Politics
    Keir Starmer speaking at London Tech Week conference, discussing innovation and technology advancements in the UK.
  • Starmer urged to press ahead with under-16 social media ban as decision nears

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts
  • ‘Bogus claim’: Ryanair hits back at watchdog probe into family seating policy

    Transport & Infrastructure
    Elon Musk and Ryanair CEO Michael O’Leary face off amid acquisition rumors in a business meeting setting
  • Children as young as 14 are being targeted by unregulated gambling firms on social media

    Sport Business
    Unfortunately, without additional context from the article or details about what the image depicts, it is challenging to g...
  • ‘Nobody’s getting a free pass’: Starmer warns Big Tech as social media ban looms

    Tech
    Prime Minister Keir Starmer addressing media at a press conference podium, discussing current governmental policies and in...
  • Musk brands UK a ‘police state’ as Big Tech rebels against Starmer’s social media ban

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies