Autumn Budget must prioritise growth and hiring

With the Autumn Budget just a couple of weeks away, the government is being urged to focus on business optimism and job creation.

This is especially important considering unemployment has soared to 4.7%, which is the highest in four years, and the number of job vacancies has declined for the last 37 consecutive quarters.

Business optimism and job creation are key

As a result of these findings, CV-Library’s CEO, Lee Biggins, is calling on the government to:

• Improve business optimism
• Incentivise job creation
• Create the right environment for private investment across every sector

On the verge of a job crisis

Lee Biggins is urging the Chancellor to deliver a pro-jobs Budget and has advised that the government set five clear principles:

1. Stop laying the tax burden on the shoulders of British businesses.
2. Cut unnecessary hiring and compliance red tape, so to free up business investment and reduce the time and cost of creating jobs.
3. Encourage job growth by giving targeted tax relief and hiring incentives to reward employers who create new, productive jobs. Especially the UK’s smaller sized businesses and high-growth sectors.
4. De-risk recruitment by creating a balanced Employment Rights framework that will give businesses confidence to hire while providing workers with clear and fair protections.
5. Incentivise private investment in job-rich sectors, such as construction and hospitality, with a predictable, growth-related tax framework.

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