Spring Budget 23: Hunt unveils measures to tackle UK's labour shortage in bid to boost growth

‘Back to work’ budget

Valeria Martinez
clock • 2 min read

Chancellor Jeremy Hunt has unveiled a set of measures to tackle the UK’s labour shortage, by persuading thousands of people back into work in an attempt to boost economic growth and halve inflation.

Today (15 March), the chancellor delivered his Spring Budget, billed the ‘Budget for Growth', with reforms to support disabled people, those with long-term health conditions, parents, the over 50s and people on Universal Credit to return to the workforce. "Long term, sustainable, healthy growth that pays for our NHS and schools, finds good jobs for young people, provides a safety net for older people, all whilst making our country one of the most prosperous in the world," the chancellor said. "Today I deliver that by removing the obstacles that stop businesses investing, tackling the ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK consumer confidence dips in February as worries mount over rising NIC and energy costs
UK

UK consumer confidence dips in February as worries mount over rising NIC and energy costs

Fifth consecutive monthly fall

Sorin Dojan
clock 20 February 2025 • 2 min read
Investors cast doubt on BoE March rate cut amid UK wage growth and unemployment rate rise
UK

Investors cast doubt on BoE March rate cut amid UK wage growth and unemployment rate rise

UK unemployment at 4.4%

Sorin Dojan
clock 18 February 2025 • 2 min read
Treasury confirms probe into OBR leak ahead of Spring Forecast
UK

Treasury confirms probe into OBR leak ahead of Spring Forecast

Treasury permanent secretary James Bowler

Beth Brearley
clock 13 February 2025 • 2 min read
Trustpilot