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Jeremy Hunt

๐Ÿ‘ค Speaker
643 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
283. Does the UK need to be rich?

I think basic skills... It needs communication.

The Rest Is Money
283. Does the UK need to be rich?

But basic skills like reading and maths are going to be fundamental because what AI is going to do is mean people do several different careers in their life and constantly need to retrain.

The Rest Is Money
283. Does the UK need to be rich?

And if you can't read, retraining is very, very hard.

The Rest Is Money
283. Does the UK need to be rich?

Well, I think overall, I genuinely think that our state schools have really transformed over the last three decades.

The Rest Is Money
283. Does the UK need to be rich?

In many cases, they're better than independent schools, which cost a lot of money.

The Rest Is Money
283. Does the UK need to be rich?

But the bit that I think we've got wrong is that the 50% of school leavers who don't go to university, and our universities have done very well overall, but...

The Rest Is Money
283. Does the UK need to be rich?

If they were in Switzerland or Singapore or Germany, they would leave with vocational skills that meant they could be confident they would earn the average income for the country, which in the UK is about ยฃ39,000.

The Rest Is Money
283. Does the UK need to be rich?

Not immediately, but over the course of their working life, they would be able to build up to that average.

The Rest Is Money
283. Does the UK need to be rich?

And I don't think we give that cohort, the people who don't go to university, the practical skills.

The Rest Is Money
283. Does the UK need to be rich?

I couldn't agree with you more, Robert.

The Rest Is Money
283. Does the UK need to be rich?

In an age of AI, we need to think very hard about what those practical skills are.

The Rest Is Money
283. Does the UK need to be rich?

But I think this has been the missing link.

The Rest Is Money
283. Does the UK need to be rich?

It's a fair point.

The Rest Is Money
283. Does the UK need to be rich?

And I think, look, there's an upheaval going on all over the world because of the onset of AI.

The Rest Is Money
283. Does the UK need to be rich?

All I would say is that, you know, let's also be glass half full.

The Rest Is Money
283. Does the UK need to be rich?

The UK produces more AI-trained graduates than anywhere else in Europe.

The Rest Is Money
283. Does the UK need to be rich?

London is one of the two global AI hubs alongside San Francisco, according to Elon Musk.

The Rest Is Money
283. Does the UK need to be rich?

And so I think we do have actually on the tech side, we've got a lot of stuff going for us in this country.

The Rest Is Money
283. Does the UK need to be rich?

Look, we are going to need to spend more on the NHS as the population ages, and we have to be realistic about that.

The Rest Is Money
283. Does the UK need to be rich?

But what I'm saying in the book is, if I think about those very chaotic first few hours when I was Chancellor, when it comes to economic growth, what is the one thing that I wish someone had told me right at the very start?