Our response to the Spring Statement

Wednesday 26^th March 2025

IMMEDIATE REACTION

Spring Statement: “More needed to get businesses hiring” 

Responding the Chancellor’s Spring Statement, Matthew Elliott, President of the Jobs Foundation, has stated that the Government needs to do more if it wants to achieve its goals to ‘Get Britain Working’ and boost economic growth.

“The Government has rightly identified the need to get two million people back to work, and it’s good to see the Chancellor reiterate this in her statement. However, the economic growth projections revealed today show that the Government’s policies aren’t working.

“From our engagement with business leaders ahead of the Spring Statement, we know that the increase to employer NICs and the upcoming Employment Rights Bill are a major barrier on businesses expanding their operations and hiring more people, and in turn, growing the economy and providing more funds for public services.

“It’s disappointing to see that the Government hasn’t taken this opportunity to reverse the employers NICs rise and recalibrate the Employment Rights Bill to make sure that businesses can create the employment needed that will ‘Get Britain Working’ again and grow the economy.”