Chancellor ‘must take bold action’ in autumn statement
The Recruitment and Employment Confederation (REC) has called on chancellor George Osborne to address the regulatory landscape, the tax environment and youth unemployment in his upcoming autumn statement.Some of the key measures called for in the REC's letter to the chancellor include a National Insurance tax break for small businesses who take on young people, the speed-up cuts to corporation tax and the streamlining of "superfluous" regulations facing the recruitment industry.
Kevin Green, chief executive of the REC, said the whole country recognises the need for urgent action to boost business confidence and promote growth, which is why his organisation is suggesting practical measures for driving the recovery of the UK jobs market.
He stated: "The statement later this month must be about bold moves rather the holding manoeuvres. We will continue to push our key messages and to take forward the practical suggestions of recruitment professionals in the front line of the UK jobs market."
Recently, Mr Green said the country should not be disheartened by figures showing UK youth unemployment has hit the one million mark, but instead see it as an opportunity to help implement initiatives to create new sales jobs and other roles to help stimulate the employment market.
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Posted by John Oak and Wayne Bly
