Autumn Statement set to contain measures affecting the recruitment industry
3 December 2014
The Autumn Statement is set to contain a number of measures relevant for the recruitment industry.
Wed, 3 Dec 2014
The Autumn Statement is set to contain a number of measures relevant for the recruitment industry.
In his presentation before parliament at 12.30pm today, Chancellor George Osborne will unveil growth forecasts from the Office of Budget Responsibility (OBR) and talk about job creation, self-employment and small business lending.
Watch out for the following
Osborne is expected to announce £900m of extra funding for small business lending schemes. Among toehr measures, Osborne is likely to add to existing schemes run by the state-backed British Business Bank, which was set up in 2013 to improve access to finance for SMEs struggling to get credit with commercial banks.
According to The Daily Telegraph, the OBR is expected to upgrade its projection for UK growth to 3% in 2014, which would make it the fastest-growing economy in the G7 this year.
It was also reported that changes to the benefits system are likely to have pushed more people into work. According to The Daily Telegraph, the UK economy has created more than 250,000 jobs since April.
The government has committed £15bn towards new road schemes and extra £2bn into frontline NHS services. A new garden city will be built in Bicester and more than £2.3bn has been allocated to upgrade Britain’s flood defences.
Further job creation is likely for these projects.
In his presentation before parliament at 12.30pm today, Chancellor George Osborne will unveil growth forecasts from the Office of Budget Responsibility (OBR) and talk about job creation, self-employment and small business lending.
Watch out for the following
Osborne is expected to announce £900m of extra funding for small business lending schemes. Among toehr measures, Osborne is likely to add to existing schemes run by the state-backed British Business Bank, which was set up in 2013 to improve access to finance for SMEs struggling to get credit with commercial banks.
According to The Daily Telegraph, the OBR is expected to upgrade its projection for UK growth to 3% in 2014, which would make it the fastest-growing economy in the G7 this year.
It was also reported that changes to the benefits system are likely to have pushed more people into work. According to The Daily Telegraph, the UK economy has created more than 250,000 jobs since April.
The government has committed £15bn towards new road schemes and extra £2bn into frontline NHS services. A new garden city will be built in Bicester and more than £2.3bn has been allocated to upgrade Britain’s flood defences.
Further job creation is likely for these projects.
- Stayed tuned for updates from Recruiter on what the Autumn Statement means for the recruitment industry.
