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Jeremy Hunt makes a budget plan for returning to work from illness or disability

UK Prime Minister lays out his ambition to hire hundreds of thousands more in next week’s budget, introducing reforms aimed at getting parents, sick, disabled and elderly workers back to work .

Jeremy Hunt said the priority was to create the conditions for growth and keep inflation under control, arguing next week’s statement as a “back to work” budget.

Business-specific tax cuts on capital expenditures are also expected to offset the end of the “super deductible” tax cuts on investments, with corporate taxes rising from 19% to 25% in the coming weeks.

Mr Hunt told the BBC’s Laura Kuensberg: “Conservatives cut taxes wherever they can.” “Within our responsibilities, we will always try to reduce the tax burden.”

Sluggish activity will be a big focus of the March 15 budget proposal, but critics will question whether his patchwork of changes will significantly change the political landscape in the UK. tight labor market.

The Office of Budget Responsibility, which scores government policies in terms of their potential to boost growth, is expected to be cautious. A former OBR official says the financial oversight agency’s approach is to ‘show, not tell’.

Childcare costs for those on universal credit will start to be paid upfront rather than postpaid under the budget plan, but the maximum amount people can charge for childcare under the scheme will also increase by several hundred pounds. .

Hunt said further help for families who do not qualify for Universal Credit is “costly.” He added that his ministers “want to help everyone” but “cannot do everything at once”.

Meanwhile, benefit applicants will be encouraged to get a job or have more hours through changes to the universal credit system and enhanced employment assistance programs.

An element of compulsion backed by sanctions is used and applicants are asked to attend more regular meetings with work coaches and participate in skills boot camps.

Ability to work assessments will be abolished, allowing people with disabilities to try their hand at work without fear of losing benefits and reducing the number of assessments required to qualify for health-related benefits.

Hunt also plans to target people with disabilities, people with chronic illnesses and people over the age of 50. Many of these people left the workforce after the Covid-19 pandemic.

Older workers will be offered “return to work”, flexible skills training that takes into account their previous experience, and a further 8,000 “skills boot camp” locations to the 56,000 currently offered .

Mr Hunt said: You need to provide your employees with the qualifications, support and incentives they need to close the skills gap and get the job done.

“Through this plan, we can address labor shortages, lower inflation and get the UK back on track for growth.”

However, with 1.2 million vacancies in the UK, the ministers have personally admitted that mobilizing the UK’s inactive workforce alone will not be enough to fill the skills gap, and to fill the gap I have high hopes for foreign workers.

Implemented by the Government’s Immigration Advisory Board Main review With the job market on a downward trend and construction jobs expected to be added to the list of missing jobs next week, employers are pushing foreign workers for lower wages and less visa bureaucracy. will be available for employment in

The new measure comes as the number of people aged 16-64 who are economically incapable of working due to long-term illness has increased significantly.

About 5.8% of the working-age population is inactive, the highest percentage in 16 years, according to the Labor Force Survey. The National Bureau of Statistics predicts that the aging population will further increase the inactivity rate over the next three years.

Data show that long-term illness or disability was the main cause of the unexpected increase in activity from 2019 to 2022.

Britain has bigger problems than most other countries. According to the ONS, all 37 advanced OECD economies experienced an increase in their inactivity rate in the first half of 2020, but the UK remains at a higher inactivity rate than before the pandemic, with just 20% of her I’m sorry.

The latest statistics show the employment rate at 75% and the unemployment rate approaching a record low of 3.7%.

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UK Prime Minister lays out his ambition to hire hundreds of thousands more in next week’s budget, introducing reforms aimed at getting parents, sick, disabled and elderly workers back to work .Jeremy Hunt said the priority was to create the conditions for growth and keep inflation under control, arguing next week’s statement as a “back to work” budget.Business-specific tax cuts on capital expenditures are also expected to offset the end of the “super deductible” tax cuts on investments, with corporate taxes rising from 19% to 25% in the coming weeks.Mr Hunt told the BBC’s Laura Kuensberg: “Conservatives cut taxes wherever they can.” “Within our responsibilities, we will always try to reduce the tax burden.” Sluggish activity will be a big focus of the March 15 budget proposal, but critics will question whether his patchwork of changes will significantly change the political landscape in the UK. tight labor market.The Office of Budget Responsibility, which scores government policies in terms of their potential to boost growth, is expected to be cautious. A former OBR official says the financial oversight agency’s approach is to ‘show, not tell’.Childcare costs for those on universal credit will start to be paid upfront rather than postpaid under the budget plan, but the maximum amount people can charge for childcare under the scheme will also increase by several hundred pounds. .Hunt said further help for families who do not qualify for Universal Credit is “costly.” He added that his ministers “want to help everyone” but “cannot do everything at once”.Meanwhile, benefit applicants will be encouraged to get a job or have more hours through changes to the universal credit system and enhanced employment assistance programs. An element of compulsion backed by sanctions is used and applicants are asked to attend more regular meetings with work coaches and participate in skills boot camps. Ability to work assessments will be abolished, allowing people with disabilities to try their hand at work without fear of losing benefits and reducing the number of assessments required to qualify for health-related benefits.Hunt also plans to target people with disabilities, people with chronic illnesses and people over the age of 50. Many of these people left the workforce after the Covid-19 pandemic.Older workers will be offered “return to work”, flexible skills training that takes into account their previous experience, and a further 8,000 “skills boot camp” locations to the 56,000 currently offered .Mr Hunt said: You need to provide your employees with the qualifications, support and incentives they need to close the skills gap and get the job done. “Through this plan, we can address labor shortages, lower inflation and get the UK back on track for growth.”However, with 1.2 million vacancies in the UK, the ministers have personally admitted that mobilizing the UK’s inactive workforce alone will not be enough to fill the skills gap, and to fill the gap I have high hopes for foreign workers.Implemented by the Government’s Immigration Advisory Board Main review With the job market on a downward trend and construction jobs expected to be added to the list of missing jobs next week, employers are pushing foreign workers for lower wages and less visa bureaucracy. will be available for employment in

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The new measure comes as the number of people aged 16-64 who are economically incapable of working due to long-term illness has increased significantly. About 5.8% of the working-age population is inactive, the highest percentage in 16 years, according to the Labor Force Survey. The National Bureau of Statistics predicts that the aging population will further increase the inactivity rate over the next three years.Data show that long-term illness or disability was the main cause of the unexpected increase in activity from 2019 to 2022. Britain has bigger problems than most other countries. According to the ONS, all 37 advanced OECD economies experienced an increase in their inactivity rate in the first half of 2020, but the UK remains at a higher inactivity rate than before the pandemic, with just 20% of her I’m sorry.The latest statistics show the employment rate at 75% and the unemployment rate approaching a record low of 3.7%.
https://www.ft.com/content/746acd9c-e50a-4bb9-8853-fbdac43e3a0a Jeremy Hunt makes a budget plan for returning to work from illness or disability

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