Thu, 14 Sep 2006 10:26:09 GMT
The latest evidence on whether education policy is improving Britain’s skills base.
The returns to a university degree in Britain are still high by international standards, suggesting that there is, as yet, no oversupply of graduates. At the same time, some of the new vocational qualifications have very low or minimal economic value. And basic skills continue to have very high value in the labour market, indicating that the supply of skills continues to be lower than demand.
