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Mastering basic skills 'worth over £2tn to UK economy'

14/05/2015 Joanna
Students mastering basic maths and science could provide the UK economy with a £2 trillion per year boost, a new study reveals.

A report by the Organisation for Economic Cooperation and Development (OECD) places the UK 20th in a table of 76 nations for the ability of its students to master the basics, the Independent reports.

Around 20 per cent of 15-year-olds are below the basic minimum standard when it comes to their maths skills, the study shows.

This means that if every pupil in the UK reached a basic level of numeracy, the economy would grow by an extra £2 trillion.

In addition, if every country improved its pupils' ability in maths and science by an average of 1.67 points a year up to 2030, the OECD says this would deliver a £5.6 trillion economic boost.

Andreas Schleicher, director for education and skills at the OECD, said: "The increase in wealth among the high income countries (from universal basic skills) is greater than what they have to spend on education (to achieve it)."

Posted by Tim ColmanADNFCR-2164-ID-801787385-ADNFCR
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