(1 day, 10 hours ago)
Lords ChamberTo ask His Majesty’s Government what assessment they have made of the decline in graduate jobs and the extent to which it is a long-term trend that requires intervention.
My Lords, while the employment rate remains higher for graduates than for non-graduates, we recognise that there are challenges faced by young people leaving university. We are delivering for graduates by investing £1 billion in sector skills packages to create hundreds of thousands of jobs, by launching the jobs and careers service so that everyone can access quality careers advice and by delivering the youth guarantee so that 16 to 24 year-olds, including graduates, have the best support to enter work.
My Lords, I thank my noble friend the Minister for her Answer and agree with many of the points she has made. For a number of decades now, Governments of all shades have encouraged school leavers to go to university. I did not. I attended one of the old technical colleges, Dundee Institute of Technology, where I got an HND in building management. With the structural changes in employment opportunities for young people that we are now seeing, can we not do more to ensure that careers advice and the likes of technical education are better tailored for the generations of the future and the skills they will need in the new world of work?
(1 month, 3 weeks ago)
Lords ChamberMy Lords, the Government did an impact assessment at the time and acknowledged that there might be an impact on labour supply when they made changes to the national insurance regime. Obviously, what happens in the new Budget I know nothing about and it will come forward. What we have done is work very closely with employers. We know that employers are out there and want to take on people, and they want to support particularly people who are not in the labour market. Our job is to help them in doing that, and we are determined to do so.
My Lords, I bring to the House my registered interest—I chair the Nuclear Industry Association. We had the recent announcement of the SMR, the small modular reactor, the Rolls-Royce build, going to Wylfa in Wales. Will the Minister join me in welcoming those highly skilled, well-paid and very often trade-unionised jobs being brought to the shores of the UK?
I am delighted to welcome that. It was a really exciting announcement, and the Government are committed to investing in new high-quality, highly skilled jobs. We want to be a country that brings inward investment in, trains people up, gets them into good jobs and keeps them there. That is a good example.