Rishi Sunak’s desperate pleading with company bosses not to lay off their furloughed employees once the scheme ends next month will cut no ice with those who must balance the books in the real world of business.
More people are in work than ever before and the FTSE was up 500 points on where it closed at the end of 2012. Yet we are teetering on the brink of a triple-dip recession. Something just doesn’t add up and maybe the Chancellor’s Budget next month might just give us the answer.
Right now, as we finally seem to be emerging from recession, we are perhaps more reliant on entrepreneurs than any time in recent history.
The unemployment figures are in, but before we start celebrating, we need to address youth unemployment by getting back to basics and instil a work ethic that makes them effective contributors to their employers’ business and the UK economy.
Employment levels maybe stabilising, but youth unemployment remains high and is one of the biggest threat to the UK economy’s future. We have to give them the skills for the future because if we don’t charge our economic batteries by training young people now they’ll go flat. Without skilled people powering our economy, we won’t have the energy to drive the country forward.