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

Number of ISA millionaires hits all-time high of nearly 5,000
UK

Number of ISA millionaires hits all-time high of nearly 5,000

Plum FOI request

Sorin-Andrei Dojan
clock 13 November 2024 • 1 min read
Global investors doubt Reeves' Budget will make UK markets more attractive
UK

Global investors doubt Reeves' Budget will make UK markets more attractive

'Very little room for slippage'

Sorin-Andrei Dojan
clock 08 November 2024 • 4 min read
Baillie Gifford's Iain McCombie: Rightmove's REA rejection 'really good news' for UK M&A
UK

Baillie Gifford's Iain McCombie: Rightmove's REA rejection 'really good news' for UK M&A

Amid criticism of 'depressing' Budget

Linus Uhlig
clock 08 November 2024 • 2 min read
Trustpilot