CMI welcomes pre-Budget report

10 December 2009

CMI welcomes pre-Budget Report

But a radical new approach to skills development is still needed

In yesterday's pre-Budget Report, the Chancellor announced measures designed to stimulate education and training amongst the under 24s. Whilst welcoming the move to boost skills amongst new entrants to the job market, the Chartered Management Institute (CMI) believes that we need a radical new approach to skills development to meet the economic, social and political challenges facing Britain.

CMI's latest survey shows that nearly half of all workers quit their jobs because of bad managers and leaders. The figures, from a survey conducted by OnePoll, also show that 63% admit they haven't had management training.

Against this backdrop, CMI chief executive of CMI, Ruth Spellman says:

"In his pre-Budget report, the Chancellor has concluded that to help recovery and promote growth we need to invest in the skills of young people. CMI welcomes Mr Darling's proposals, especially as we are calling on government to make the development of effective managers and leaders a national priority. There are 4.8 million managers in the UK, a number set to grow to 5.7 million by 2017. To meet this demand, we need to raise ambition and draw on a wider talent pool. Young people need the opportunity to develop management and leadership skills while in education. This is why CMI has launched a Manifesto of its own and why we are calling for government backing for the development of a Youth Academy for Management and Leadership."

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