Half of workers believe the Budget won’t make a difference to jobs market

A new survey has revealed that only half of the UK’s workers think the Spring Budget will have a positive impact on the jobs market.

The research, compiled by CV-Library, found that as a result of the Budget, just 31% feel more confident in finding a new job, 51% believe that it will make no difference, and 17.3% feel less confident.

Of the 2,000 workers surveyed, 56% don’t agree with the government opinion that the UK will avoid a recession.

Those who took part in the survey were asked what aspect of the Budget they thought was the most positive:

• Energy price guarantee (cited by 65.9%)
• Childcare for under 3’s (46.8%)
• Fuel duty freeze (44.3%)
• Extended school hours (32.5%)
• Pension changes (24.1%)
• Over 50’s ‘returnship’ programme
• IT tax relief for businesses (18.4%)

Lee Biggins, Founder and CEO of CV-Library, commented on the findings, “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.” 

“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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