Current News
Pre-budget report must protect jobs says REC
Ahead of the pre-budget statement on Monday, the REC has called upon Chancellor Alistair Darling to ensure that extra costs are not added to employment at this extremely delicate time for the UK economy.
In particular, the REC is urging the Chancellor to review the withdrawal of the Staff Hire concession for temporary work in a number of sectors which is due to come into effect in April next year.
The net result will be a substantial increase in the costs which the REC estimates at over £400m with a resultant risk to 150,000 jobs that would be caused by 17.5 per cent being added to the cost of every temporary job within the finance, healthcare and charitable sectors.
Kevin Green, the REC’s Chief Executive said: “This will be extremely damaging at a time when we need to enhance job opportunities rather than making it more expensive for employers to take on staff.”
