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So, what we all knew was going to happen, has happened. The UK is in the worst recession since records began. What does that actually mean? By definition, two consecutive quarters of decreasing GDP constitutes recession. If we look at the UK's performance in Q2 (April, May and June), GDP actually grew in May and built on that even more considerably in June, but so severe was the drop in April, we still ended up worse off than in an already negative Q1. But does this mean as the nation 'goes back to work' in Q3 we'll be out of the woods? No. But it does go some way to alleviating the panic brought on by the R word (as opposed to the R number) writ large across our daily papers.

 

 

Where does that leave workers? Many businesses start up after a recession, so perhaps that bodes well for those in the workforce who had a bright idea but perhaps just needed that little nudge / drawn-out pandemic to give them a reason to make a start. If we look at the wealth of tech companies and consultancies in the L&D space, several can be traced back to a genesis of around a decade ago, just after the financial crash of 2008. I don't welcome this recession, but we need to see the upsides if we can. There's no glossing over the job losses that have already been made and the many more to come, and I hope the incredible community spirit and innovation that we saw in the stricter days of the lockdown can be mobilised again to support those looking for work.

 

 

And this is before any mention of Universal Basic Income. I like to keep these editor's notes as politically neutral as much as possible, but if you do want to discuss one of the more radical ideas out there, you know how to reach me ;)

 

 

My thoughts go to anyone recently out of work or at risk in their job, and I hope that you find a way through this and out the other side as soon as possible.

 

 

Stay positive.

 

Jon

 

Jon Kennard

Editor, TJ.

jonathan.kennard@trainingjournal.com

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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