New research commissioned by Ambition Institute shows that great teaching is a key driver of economic growth.
Like many organisations working across the education sector, Ambition Institute believes that investing in teachers is the best way to tackle educational disadvantage and improve the life chances of the most vulnerable. Teachers dedicate their working lives to developing children with the knowledge, skills, and character they need to succeed in life, and play an integral role in supporting young people’s wellbeing.
But, with the pre-election debate focused squarely on the state of the UK economy, we want to shine a light on the important role that teachers play in enabling people from all backgrounds to get good jobs and attain financial security. For that reason, we commissioned the microeconomics consultancy Frontier Economics to explore the economic benefits of high quality teaching.
The economic analysis suggests that improving the quality of teaching by a meaningful but achievable amount would boost the future earnings of pupils by almost £10 billion.
