Social mobility: How can Labour support SMEs to fight disparities?

Social mobility: How can Labour support SMEs to fight disparities?

“A recent study found that 65% of senior judges, 59% of civil service permanent secretaries and 44% of newspaper columnists were privately educated, compared to just over 7% of the general population. Where you grow up also matters.

“SMEs have an important role to play in driving change. In 2022, there were an estimated 5.5 million UK private sector businesses [of which] 5.47 million were small businesses. There may be some SMEs who do not regard social mobility as a priority in an economic downturn. However, if they want to remain competitive, the social mobility challenge is one they cannot ignore.”

Employment Lawyer Alice Kinder has written the latest essay in our series with Progressive Britain: ‘Fair Competition for Fair Growth’. Your can read it below.

The Labour Party leadership has made it clear that accelerating economic growth is central to everything they want to achieve and a necessary precursor for achieving their ambitions in government. Building and facilitating good, successful, strong British businesses of all sizes will be central to helping achieve this vision for the UK. In particular, small and medium sized enterprises (SMEs) need government support to make the most of green tech revolution and compete in the global marketplace. Our new project brings together experts voices on how a Labour Government can do this.