The Rest Is Money 172. Is The Treasury Striving For Mediocrity?
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May 18, 2025 The podcast tackles Rachel Reeves' tough position regarding UK growth and questions the effectiveness of the Treasury's strategies. It delves into the care sector's struggle with immigration-related staff shortages and the potential for tech solutions like care robots. The conversation shifts to the retail industry's response to economic changes, including adapting to Gen Z's preferences. Additionally, it celebrates female leaders in retail and examines the ethical implications of AI integration, highlighting innovation alongside social responsibility.
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Care Staff Fear Immigration Impact
- Hospital staff fear immigration policy changes will worsen staffing shortages.
- Some migrant workers worry about being sent home despite reassurances otherwise.
Social Care Visa Cuts Are Minimal
- Abolishing the social care visa reduces immigration only marginally by about 10,000.
- This policy seems symbolic rather than a substantial immigration control measure.
Care Work Is Skilled Work
- Care jobs require patience, communication, and specialized skills, not low skill.
- These skills are valuable and different, not inferior to those in tech or other fields.