Debt advice: 'Workers should plan for the future now'

23/02/2010

New research has found that the UK is at risk of becoming divided into two distinct working sectors.

By 2020, Friends Provident predicts that the country will be polarised into an elite group and an excluded group.

In order to avoid low salaries and poor prospects, Gillian Fox, the HR director at Friends Provident has advised people to build up their skills base now.

By improving their skills through training, workers can reduce their chance of building up debt from future unemployment of poorly paid work.

For those who are currently in a difficult financial situation, a debt management plan could clear their money worries away to allow them to start with a fresh outlook for the future.

Ms Fox said: "A lot of the jobs currently being done by the 'excluded' could be outsourced in the future. Inevitably there could potentially be up to one million excluded workers. However, if people act now they could take up any training opportunities they can to protect themselves and move into the elite group."

Posted by Jim Mead

Tags; Current UK Economy,

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