I will be hosting this event personally and will be joined by Barry Jefferd, Partner at George Hay Accountants and well known for his insightful and often amusing reflection on budget announcements.
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Rishi Sunak to unveil £2bn 'kickstart jobs scheme' for young people
The Chancellor is expected to announce today a three point Plan for Jobs, with a particular focus on the young which will include a new £2bn Kickstart Scheme to create hundreds of thousands of new jobs for young people.
He is set to reveal the biggest package of support for youth unemployment in decades as he sets out the plan to help Britain bounce back from coronavirus.
Central to this three-point plan will be a young jobs revolution to get hundreds of thousands of young people into work.
It will include the landmark Kickstart Scheme, a £2bn fund that will create hundreds of thousands of new, high-quality government-subsidised jobs for unemployed young people.
This is very positive news as this Kickstart Scheme will help firms create and support thousands of opportunities for young people, maintaining their access to the job market and driving the UK’s economic recovery.
However this announcement must form part of a wider plan to boost business confidence and protect livelihoods as we restart, rebuild and renew the UK economy.
Full details regarding all the aspects of the Summer Economic Update today will be covered at our online event tomorrow at 4.00pm, details and link above.
£3 billion package of green investment
The Government has this week unveiled a £3 billion green investment programme to create jobs, upgrade buildings and protect the environment as part of efforts to rebuild the economy after Covid-19.
We see this scheme as a first step toward supporting livelihoods and achieving important carbon emissions targets.
The business communities we represent across the whole of the UK have called for an economic recovery that prioritises jobs and supports our net-zero ambitions, as part of a coherent strategy to restart, rebuild and renew.
Chamber research indicates that the economy has endured an historic setback in the last quarter. Businesses will need to see further, bolder measures to protect and create jobs in the Chancellor's statement today which we will reflect on tomorrow.
ESSENTIAL INFORMATION LINKS ON ALL ASPECTS: