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  • UK Spring Budget and what it means for employability across the UK

    Created: 11/04/2024
    News/Events Category: Employability
    This item will show under the following categories: Governance  

    The UK Spring Budget has been released.

    Highlights for employability across the UK include:

    • The unemployment rate remains low by historic standards at 3.8% in Q4, and has fallen since the summer of 2023
    • The number of vacancies is now 28% below the peak level reached in mid-2022 
    • The unemployment rate is forecast to fall gradually to 4.1% in 2028
    • £3.5 billion a year by 2024-25 to support more people into employment
    • The government is extending the duration of the Additional JobCentre Support pilot across Scotland and England for a further 12 months 
    • £7 billion package to increase the number of people in work
    • £2.5 billion Back to Work Plan to expand employment support for the long term sick and disabled and the long-term unemployed

    Read more here.

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