Jeremy Hunt’s first budget last week aimed to get more people back to work but, in an exclusive survey to over 2,000 UK workers, it was 50/50 split decision on if this ’budget for growth’ will positively impact the job market as intended.
CV-Library, the UK’s leading independent job board, also reveals that the majority of workers (56%) don’t share the Government’s opinion that the country will avoid a recession this year. Only 31% feel more confident in looking for a new job as a result of the budget, 51% feel it will make no difference and 17.3% actually feel less confident.
When asked what the most positive aspect of the budget were for the country, the results* revealed:
- 65.9% Energy price guarantee
- 46.8% Childcare for under 3’s
- 44.3% Fuel duty freeze
- 32.5% Extended school hours
- 24.1% Pension changes
- 23.3% Over 50’s returnership programme
- 18.4% IT tax relief for businesses
Lee Biggins, Founder and CEO of CV-Library said “Whilst there’s a lot of hope and positivity around the Government’s latest budget, it’s clear that UK workers are feeling wounded and intensely cautious after a turbulent few years. Without doubt, personal finances remain the key driver for the overwhelming majority.”
Biggins continues, “Our survey reveals that 8 out 10 are stressed about finding a new job in the current climate so, those businesses recruiting in 2023, need to focus on a positive route to hire experience, as well as clear job specs, competitive salaries and attractive benefits packages”
*based upon top 3 answers
Survey based upon 2,250 respondents