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And work to identify new pathways for transitions between roles and industries, focusing on those roles most at risk of automation.

In a rapidly-changing labour market, it is important to ensure that everyone gets the support they need to upskill and secure a new job if they need to. The government’s National Retraining Scheme, announced in the Budget, seeks to address this challenge.

The need for higher-level skills will make lifelong learning essential and places a greater emphasis on building a strong proficiency in core skills alongside a confident and proactive mindset. 

Only 20 per cent of business leaders think school leavers and graduates are adequately equipped with the digital knowhow required in the workplace.