The Chartered Institute of Personnel and Development (CIPD) has welcomed measures set out in the 2013 Budget which, it says, will help more people to get a foot on the employment ladder, make it easier for those who have been off sick to return to work when they are able, and help those in work to plan their retirement.
Commenting on the Budget and the accompanying forecast by the Office for Budget Responsibility (OBR), Mark Beatson, CIPD chief economist, said, “The economic forecast contains few surprises. The very difficult situation in the Eurozone casts a long shadow over the UK because of our close trade relationships with Europe, so halving the growth forecast for 2013 to 0.6% was to be expected.
“The OBR admits that it was surprised by the 600,000 increase in employment in 2012, given the lack of economic growth. In this respect, the OBR forecast of 100,000 employment growth in 2013 and a further increase of 100,000 in 2014 may prove to be conservative.
“The difficult fiscal situation gave the Chancellor little room for manoeuvre in terms of measures to stimulate the economy, but the Budget did contain a few measures that should encourage employment creation and retention and provide a degree of support and certainty for employers.