Business Leaders' letter to the Chancellor

Business Leaders' letter to the Chancellor

A new report from social mobility charity Teach First shows that by 2022, the British economy will face a shortage of three million skilled workers. The biggest single step we could take towards closing this skills gap is ending inequality in education.

By not providing every child with the support to succeed, we lose out on developing the talent that we urgently need. As leaders of the some of the country’s top businesses, we are proud to support Teach First‘s ‘Challenge the Impossible’ campaign, and its aims to improve social mobility.

As the Chancellor gives his Budget next week, we call on the Government to set out a social justice and skills strategy to close the skills gap and end educational inequality.

The Government can make an immediate impact by: introducing a careers leader in every school; boosting funding for Opportunity Areas; and incentivising STEM students to become teachers by offering student loan repayments.

We must make sure that every young person, no matter their background, has the chance to rise as high as their talents allow.

  • Paul Drechsler, Chair of Teach First
  • Sir Anthony Salz, Chair, Teach First's Business Leaders' Council
  • Nick Owen, Chairman, Deloitte
  • James Bardrick, UK CEO, Citi
  • Antonio Simoes, Chief Executive, HSBC Bank PLC
  • Olly Benzecry, Chairman and Managing Director, UK and Ireland, Accenture
  • Sally Boyle, Partner, Goldman Sachs
  • Ashok Vaswani, Chief Executive, Barclays UK
  • Gaenor Bagley, Partner, PwC
  • Neil Carberry, Director of People and Skills, CBI
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