Spring Budget 23: Hunt unveils plan to tackle UK's labour shortage

Measures were part of chancellor's ‘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 Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Sustainable Investment Festival 2023: Speaker line-up revealed!

Sustainable Investment Festival 2023: Speaker line-up revealed!

Specialist PA event to help advisers with sustainable investing

Professional Adviser
clock 24 March 2023 • 1 min read
Allfunds launches dedicated alternatives division

Allfunds launches dedicated alternatives division

Strong demand from wealth management clients

Charlotte Moore
clock 21 March 2023 • 1 min read
A fax machine

Fax machines remain 'backbone' of UK asset management operations

Antiquated technology remains steadfast in investment offices

Elliot Gulliver-Needham
clock 21 March 2023 • 1 min read