Falling birth rates raise prospect of sharp decline in living standards

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Date posted

February 11, 2025

💡 The FT dropped a truth bomb last week: The ageing population across OECD countries is a game changer for economic and skills strategies. 🚀 To keep our living standards afloat, we’ll need to push labor productivity through the roof to heights never seen before.

But here’s the million-dollar question: Is the UK fully equipped for this? Are our education, welfare, and skills policies up to scratch? What about the devolved powers? What about our international trade and immigration policies?

🔥 It’s high time we shifted gears from talking to action. When Brexit happened, we should have transformed education, skills and employment policy to meet the recruitment and skills shortfalls that the UK economy now faces. We can’t afford not to act this time.

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