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Employers facing skills shortage, says CII

Three quarters of employers say they are experiencing a shortage of technical skills, up 5 per cent on 2007, according to the Chartered Insurance Institute.

The CII’s second annual skills survey shows that 57 per cent of employers believe the education system is failing to meet the needs of the industry.

Only 3 per cent describe basic levels of education as “more than adequate”.

Employers also feel that 61 per cent of graduates struggle with basic skills like grammar and numeracy.

CII president Lord Hunt says cuts to training budgets in order to make a quick saving during economic instability will prove to be a false economy.

Lord Hunt says: “The UK financial services industry is world renowned for its commitment to improving the skill levels of its staff. Yet we cannot be complacent and must continue to commit time and resources to training and development if we are to remain competitive in the face of intense global competition.”


The sum of our days

The proposals concerning nonUK domiciled and non-UK ordinarily resident individuals made in the pre-Budget report last October generated considerable antagonism, debate and publicity. All that response has had some impact on the Finance Bill provisions reflecting these changes.


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