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Tomorrow’s Budget announcement comes at a pivotal time for the UK’s labour market and must prioritise job creation and competitiveness, says the REC.

The latest REC/KPMG Report on Jobs showed a drop in permanent staff appointments for the first time since May 2003, although demand for staff remained strong in many key sectors and temporary postings were up. This mixed picture confirms that the UK labour market is in a delicate position.

Commenting ahead of tomorrow’s Budget announcement, the REC’s Director of External Relations, Tom Hadley says:

“This is no time to be imposing further tax increases affecting business and measures to stimulate growth and encourage entrepreneurship are needed at this crucial junction. Recruiters still report ongoing staff shortages in many key sectors which is why the industry will also be closely monitoring measures to enhance skills and boost the pool of employable candidates. One other key focus area will be the impact of public spending cuts on recruitment in specific sectors such as social care”.

The REC will be producing an immediate response following tomorrow’s budget, including an analysis of its impact on specific REC Sector Groups.