Work arrangements of typical and atypical nature play a vital role in today's very dynamic labour market. The Government is up to speed with the everchanging nature of work in our country and is ready to deal the new type of problems that may emerge.
Matthew Taylor was asked to undertake his independent review of modern employment practices, which considered job security among a range of issues. The review highlights the recent success of British business in creating jobs, which I am pleased to hear about, as it shows the enhancing earning power and improving life chances across the UK. Employment rates are at the highest since records began, unemployment and economic inactivity are at record lows and minimum wage rates have never been higher.
The Government is analysing the report's contents carefully, as well as the public consideration of Matthew's recommendations that will follow, to help inform the development of the Industrial Strategy later in the year. Through the Industrial Strategy, the Government will make sure wherever people are in the country, there are more skilled, well-paid jobs to increase productivity and earning power, benefiting both workers and business.
We must keep in mind that we have record numbers of people in work thanks to our flexible labour market. That said, the Government recognises that people also deserve to be treated fairly by their employers whatever work they are carrying out and will take action if necessary.