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Budget Plans Could Stimulate Job Opportunities, Says reed.co.uk

LONDON April 30, 2012

Corporation tax cuts and future infrastructural and transport projects could bolster employment opportunities in Manufacturing, Engineering and Energy sectors, says job site.

George Osborne job

Firstly, the Chancellor announced that over one million more jobs would be created in the UK over the next five years. (This projection was based upon the Independent Office for Budget Responsibility’s economic forecast, which estimated sustained growth over the next four years.) Yet it was Mr Osborne’s commitment to small business growth and infrastructural re-development, which reed.co.uk believes could consequently boost the amount of job opportunities created in 2012.

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jobs in Manchester Sheffield England

However reed.co.uk believe the most encouraging announcements concerned the government’s commitment to business development and growth, with a plan to cut corporation tax by 1% next month and to invest a further £270m in to the Growth Places fund, which aims to boost economic growth and create further job opportunities in local areas.  

" We hope the government s plan to invest an extra £270m into local economic growth will create thousands of job opportunities right across the UK, " However, the cut in corporation tax will not only continue to support reported business development, especially for those in the Manufacturing and engineering sectors which have been creating more job opportunities in recent months; but also includes measures to review the tax system to aid smaller businesses. "

SOURCE reed.co.uk

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