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UK Professionals remain divided on Hunt’s budget positively impacting the UK job market

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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” 

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