The government has a chance to aid job creation throughout the UK, in the form of its upcoming Budget review in April.
That’s according to expert David Frost, the general director of the British Chambers of Commerce (BCC). He spoke to the Chartered Management Institute about how the powers that be could help companies to increase their head count; meaning more people searching for jobs in London and the rest of the UK could find employment.
He said that by providing an innovative infrastructure, job creation could increase: “If the government provides a radical framework, business will do what it does best – creating wealth and jobs, innovate to deliver strong companies and providing the much-needed growth for this country.”
It is Frost’s belief that the “radical framework” should centre on either scrapping or relaxing upcoming changes to employment law, and reducing the youth minimum wage slightly.
He was not alone in his thoughts, as the chairman of the Federation of Small Businesses (FSB), John Walker, also spoke out about how the government could help Britain.
Cited in This is London, the chairman said that although the government had made a start, it had a long way to go, claiming: “It needs to go further.”
“We know that firms would take on more staff if national insurance was cut, so to really help boost employment, the government must extend the national insurance contributions holiday to existing small firms,” Walked added.
“Government must give a helping hand to small firms and create an environment that helps businesses grow and develop.”