Bridging the digital skills gap with new tech investment
According to the CBI, UK job vacancies are reaching record highs, currently at 147 percent of the February 2020 average. In those three years, an estimated half a million people of working age have left the UK labor market, and more than three-quarters of UK businesses say that access to labor is threatening UK competitiveness.
As well as the shrinking recruitment pool, there is also a shortage of people with the right skillset. In particular, the digital skills gap has been a long-standing problem for UK businesses. A survey conducted in Q4 2022 underscored that impact, with 81 percent of UK managing directors saying a lack of digital skills is negatively affecting their company.