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Latest News

Skill levels to be boosted by budget

by Personnel Today 8 Mar 2001
by Personnel Today 8 Mar 2001

The
CIPD believes measures outlined in the budget will help improve the efficiency
of UK business and increase skill levels throughout the workforce.

John
Philpott, chief economist at the CIPD, welcomed plans to improve training and
research and development announced by Chancellor Gordon Brown.

Philpott
highlighted proposals to introduce a working tax credit and new options to
enable more employees to achieve at least two NVQs as particularly positive.

He
also praised plans for employer-led initiatives on key skills as part of New
Deal stage two and the further increase in the number of modern
apprenticeships.

The
CIPD backed the Government’s intention to extend the Enterprise Management
Incentive Scheme and an increase in the tax relief.

The
increase in maternity and paternity pay and the likely extension of tax credits
to large companies for research and development were also supported by
Philpott.

He
commented, “The key now is to make sure that the Government and business come
to recognise fully the role of improved people management and performance in
meeting the UK’s productivity challenge, which CIPD research has shown impacts
more on the bottom line even that R&D. The CIPD will make formal
representations to the Government on this matter in due course.”

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www.cipd.co.uk

By Ben Willmott. Click here to respond.

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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