Andrew Goodwin, senior economic advisor to the Ernst & Young ITEM Club, noted that the value of UK exports will rise by 12 per cent in the next decade as emerging markets boost demand.
The expert said that this highlights how it is important to ensure that the skilled workers are in place to help sustain this growth and ensure that supply does not dry up.
He added: "Government policy should also be focused on supporting competitiveness through improving skill levels and providing incentives to invest, which would help to close the productivity gap with Germany."
Last week, the latest Business Activity Index by the Chartered Institute of Purchasing Supply and Markit showed that the UK services sector rebounded spectacularly last month and is now at its highest level since May 2010, rising to 54.5 points from 49.7.
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Posted by John Oak and Wayne Bly
Source: The Sales Director News