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Increasingly the economies of developed countries demand a highly educated and retrainable workforce. One easy way to improve the UK economy would be to increase the number of children retained into tertiary education (perhaps by introducing wages for college students, but certainly by reducing university fees).
There is also a problem with social mobility in the UK with fewer entrants from the lower social classes for professions such as the law and banking.
Better career guidance and possibly entrant-monitoring in the relevant industries would help with this.
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