Chancellor’s £4bn+ jobs package predicted in Spending Review

Chancellor Rishi Sunak is today expected to reveal a £2.9bn scheme to help a million people with job searches plus a further £1.4bn to bolster Jobcentre Plus’s capacity when he announces the government’s spending plans for the coming year.

Reported last night (24 November) by the UK’s major news outlets, the total £4.3bn jobs support package in the Spending Review reflects government concerns that unemployment could continue rising until next summer. 

The chancellor is also expected to extend the apprenticeship hiring incentive, which pays employers £2k for every new apprentice they hire to the end of March, along with confirming a £375m package to support skills by offering people training to change career.

He is expected to promise to “create and support” hundreds of thousands of jobs through billions of pounds investment in infrastructure, such as roads, houses, railways and cycle lanes.

The Restart scheme aimed at helping people with their job searches will provide bespoke support to fit individual circumstances, it is anticipated. 

Sunak is expected to begin speaking at 12.30pm today.

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

£60m funding as Sunak goes big on apprenticeships

Prime Minister Rishi Sunak has unveiled a raft of reforms aimed at increasing apprenticeship numbers and doing away with red tape for small businesses.

Legislation 19 March 2024

APPOINTMENTS: 18-22 MARCH 2024

This week’s appointments include: Heidrick & Struggles, Institute of Student Employers, QLM Search

People 18 March 2024

NEW TO THE MARKET: 18-22 MARCH 2024

This week’s new launches include: APSCo, Babcock, Broadwing Recruitment, Cognizant, Jobmatch Sweden

New to Market 18 March 2024

NEW TO THE MARKET: 26 FEBRUARY-1 MARCH 2024

This week’s new launches include: Hays, SRG Ireland, Wave

New to Market 27 February 2024
Top