REC response to Autumn Budget 2024

Commenting on today’s Autumn Budget 2024, the Recruitment and Employment Confederation (REC) Chief Executive Neil Carberry said: “The Chancellor had a difficult job today, navigating a challenging fiscal picture while maintaining support for the only thing that will improve her view – economic growth. Growth is delivered by businesses, and the mix of tax rises … Continued

UK economy receives hefty growth upgrade from IMF

The UK economy has received a hefty upgrade from the International Monetary Fund (IMF), a welcome boost for the Chancellor ahead of her first Budget. Economists at the international fiscal watchdog now expect the UK to grow 1.1 per cent in 2024, up from a previous forecast of 0.7 per cent. Among rich economies only Spain received … Continued

Private medical insurance found to be most in-demand employee benefit

Private medical insurance (PMI) has been found to be the most important perk that employees look for in their benefits package, according to research by benefits technology provider Zest. Its survey of 2,000 adults and 500 HR decision makers also found that one-third (33%) of employee respondents ranked PMI as their most wanted employee benefit. Demand for … Continued

UK economic growth ‘robust’ in 2024, think tank says

The UK has risen in the rankings of a group of wealthy nations to have the joint-second highest economic growth for this year, a think tank has predicted. The economy is now expected to grow by 1.1%, the same rate as Canada and France, but behind the US. The Organisation for Economic Co-operation and Development’s … Continued

Amazon Web Services to invest £8 billion in the UK, driving digital growth and supporting 14,000 jobs annually

AWS, Amazon’s cloud computing arm, plans to invest £8 billion over the next five years in building, operating, and maintaining data centres across the UK. This substantial commitment is aimed at bolstering the UK’s digital infrastructure, supporting over 14,000 full-time equivalent jobs each year within the AWS data centre supply chain, which includes roles in … Continued

REC launches campaign to champion temp work

The Recruitment and Employment Confederation (REC) has launched a ‘Voice of the Worker’ campaign to ‘champion and protect’ the UK’s temporary workforce. The UK’s temporary labour market works well for people, firms and the modern economy – with about a million temps working every day. Its success, said the REC, at bringing and retaining people … Continued