News: Telephone and Writing Skills
Budget 'should encourage firms to invest in training'
21 April 2009
The government's Budget must offer tax reductions in order to encourage more businesses to invest in training, an organisation asserts.
Colin Ben-Nathan, employment tax partner at KPMG in the UK, says that while he understands cuts can only be limited, these can help keep people in work and have a strong effect on the nation.
He states: "We urge the chancellor [Alistair Darling] to focus any resources available on measures to help keep people in work and to encourage hiring and training."
Dr John Philpott, public policy director at the Chartered Institute of Personnel and Development, calls on the government to focus its attention on both those with jobs and those looking for vacancies.
He calls for adjustments to be made to payroll taxes, although he also recognises that there are limited resources which could prevent another fiscal stimulus.
Will Cookson, head of skills at Working Link, recently claimed that businesses that engage with their staff through training are more likely to retain them.
