CIPD says Chancellor’s budget no quick fix for rising unemployment
The Chartered Institute of Personnel and Development has commented on today’s budget and accepts the Chancellor had limited room for economy manoeuvre.
John Philpott, CIPD chief economist said: “The Chancellor appeared relatively upbeat on his economic growth forecasts, but was probably more sober than expected on the outlook for public borrowing. Consequently the Chancellor’s scope to announce a major “Budget for Jobs” was limited and is unlikely to prevent unemployment rising above 3 million by next Spring.”
He added: “The CIPD has consistently highlighted jobless young people as in particular need of targeted action. Although the Chancellor was not in a position to do much the package aimed at the under 25s offers a good ‘bang for its buck’ in creating opportunities for work and training.
“The experience of past schemes is that they provide short-term relief to the young jobless but do little to enhance their long-term employability. Providing support which is more than simply ‘make work’ will be the acid test of this new initiative.”
Source : Recruitment Consultant Thursday 23rd April 2009
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