Discover and read the best of Twitter Threads about #TimesCEOSummit
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To close out the #TimesCEOSummit Times economics editor @PhilAldrick spoke to @RishiSunak about Covid, the future of the economy, and what 'Rishinomics' actually looks like
Sunak opened by claiming that government investment over the last 18 months brought the number of business failures in 2020 below those of 2019, kept household incomes flat, and moved forecasted unemployment from 12% to 6%
As for his 'theory of growth' post-pandemic, he argues that it needs to be centred around three key areas of investment: “Investment in infrastructure, innovation and skills”
He concedes that the government was previously weak in these areas
He concedes that the government was previously weak in these areas
Times business editor @fletcherr has spoken to the heads of Unilever, Salesforce and the CBI, as well as the government's Minister of Apprenticeships and Skills, about the future of work and higher education
Why is the UK experiencing a skills gap?
Why is the UK experiencing a skills gap?
The speakers agreed that while Covid had exacerbated the issue, the transformation of the labour market in general over the last decade is rendering many peoples' skills redundant #TimesCEOSummit
.@Unilever's solution to this has been to 're-skill' its staff as roles within the company change
“It’s much more attractive to retrain and re-skill than it is to pay redundancy…we’re committed to reskilling all of our employees by 2025” says Alan Jope, the company's CEO
“It’s much more attractive to retrain and re-skill than it is to pay redundancy…we’re committed to reskilling all of our employees by 2025” says Alan Jope, the company's CEO
Times science editor @whippletom has spoken to Kate Bingham, the former chair of the UK's Vaccine Taskforce, about her role during the pandemic for the #TimesCEOSummit
She says she looks back on her time in the role "very warmly"
thetimes.co.uk/article/kate-b…
She says she looks back on her time in the role "very warmly"
thetimes.co.uk/article/kate-b…
Bingham was critical of the civil service's role during the pandemic and stressed the need for Whitehall to recruit more people with STEM backgrounds in order to make the institution more effective during such crises #TimesCEOSummit
The former Vaccine Taskforce Chair also conceded that wealthy countries such as Britain hadn't done enough to ensure that other nations were included in the vaccine rollout #TimesCEOSummit
