Government 'should introduce national insurance holiday'

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Government 'should introduce national insurance holiday'

Latest Recruitment News - HR and Recruitment Legislation News

Written by DirectNews Feed

Wednesday, 05 October 2011 00:00

Government 'should introduce national insurance holiday'

Those seeking finance jobs in London might welcome calls for the government to introduce a national insurance holiday.

According to the latest Report on Jobs published today (October 5th) by the Recruitment and Employment Confederation (REC) and KPMG, there was further easing in the growth of staff appointments last month.

Job vacancies continued to rise during September, but overall demand for staff climbed at its slowest pace since October 2009.

Commenting, chief executive of the REC Kevin Green said: "The REC is urging the chancellor to introduce a national insurance holiday for at least a year to encourage SMEs to take on young people."

He also revealed the body wants the Bank of England Monetary Policy Committee - which sets interest rates - to resume quantitative easing, as this could kick-start growth in the economy.

While the accounting and financial sector was "virtually flat" last month, other sectors showed growth, Mr Green noted.

Posted by Daniel Frost
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