Spotlight - Government Announcements

Jobs outlook could be hit if growth falters marginally

The UK labour market could face a five-year jobs deficit if the growth predictions of the Office for Budget Responsibility (OBR) are just slightly weaker.

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Commons vote confirms VAT rise

Attempts in Parliament to head off the government’s proposed increase in the rate of VAT have been defeated.

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Question mark over pre-Budget Report

It is thought that the government may look at removing, if only temporarily, the autumn pre-Budget Report.

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Changes may reduce occupational pension payments

The government has laid out plans to change the way that payments are calculated for final salary pension schemes.

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Job fund cuts a concern, says think-tank

One of the world’s leading think-tanks has expressed concern over government decisions to curtail funds aimed at getting the unemployed back into work.

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Pay gender reporting could backfire, says CBI

Following the announcement that the government is to go ahead with the introduction of the Equality Act, a leading employers’ group has claimed that one aspect of the legislation could have an adverse effect on the number of women in higher paid jobs.

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Hopes that small business lending forum may get reprieve

There are hopes that a business lending forum set up by the last government may survive the current administration in some form.

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First meeting for red tape committee

A new Cabinet committee, tasked with the job of reducing the heavy burden of red tape on business, has convened its first meeting.

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More needs to be done to assess the impact of red tape

The quality and scope of regulation impact assessments need to improve, a report has recommended.

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Government to set up regional growth fund

Plans have been announced to establish a growth fund worth £1 billion to support business and economic development in those English regions likely to be hit by public spending cuts.

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