Power to the People: The case for Personal Learning Accounts

Learning is central to a fair and prosperous society. The links between learning throughout life and national prosperity, business success, societal cohesion, and individual opportunity and life chances are clear and well established. Learning helps you earn more, live healthier and play a fuller role in society.

It is equally well established that the UK’s skills base lags behind many comparator countries and that participation in learning is unequal. For example, people in higher socio-economic groups are twice as likely to participate in learning than those is lower groups. Similarly, those who left full-time education at age 21 or over are significantly more likely to participate in learning compared to those who left at age 16 or less. This creates a cap on aspiration, prevents many from fulfilling their potential and holds back our economy.