In a speech to open the CBI Future of Work Conference today, director-general Tony Danker will say that a new, “radical” approach is needed to address the current labour crisis, which has been exacerbated by generational shifts alongside the Covid-19 pandemic and longer-term population trends.
This, he will say, will require businesses and the government to stop fighting the “same old” war for talent.
“We in Britain don’t have the workforce and the skills we need to prosper and grow. Why? Our demographics have changed. The population is ageing. And a generation in their 50s and 60s – with private pensions and property wealth – can take early retirement,” Danker will say.