REC calls on Chancellor to protect delicate jobs market in Emergency Budget
Ahead of tomorrow’s Emergency Budget, the REC has called on Chancellor George Osborne to protect the UK’s fragile labour market by prioritising job creation and limiting the impact on employment opportunities on the public sector.
Commenting on the implications of tomorrow’s Budget, Tom Hadley, the REC’s Director of External Relations said:
“The stakes are high for the UK’s already delicate jobs market. In the short-term, expenditure cuts will not only impact on employment in the public sector but will also affect all those supplying services into public bodies. In the longer-term, cuts to initiatives such as the Future Jobs Fund could impact on our ability to help the next generation of workers get into employment.
"The Government will need to deliver cost-effective guidance and support for job-seekers – for example, by harnessing the expertise of professional recruiters and employers."
The Chancellor is also expected to deliver some positive news with regards to job creation incentives for employers.
Commenting on this, Hadley concludes:
“We have consistently called for more incentives from the Government to help businesses, especially those just starting up, to create jobs. These include measures such as waiving National Insurance Contributions for new recruits in the first year of employment. With opportunities in the public sector likely to be limited, we need positive measures to kick-start job-creation on the private sector are urgently needed."