United Kingdom

Details

  • Service: Advisory, Management Consulting
  • Type: Press release
  • Date: 05/12/2013

Autumn Statement 2013: Speed of fall in unemployment is real test of business confidence 

Commenting on the Chancellor’s plans for job creation, Stephen Barter, director in KPMG Management Consulting, says:

“On the face of it, predictions of a continued drop in unemployment should be welcomed, but the speed of the anticipated fall will be the big test, not least because of its implications for interest rates.  Much will depend on how confident employers feel as they reap the benefits of wider initiatives, such as the business rate cuts outlined today.

“Britain is also still suffering from a skills shortage and although the Chancellor has gone some way to address through new training initiatives, including apprenticeships.  The lack of appropriately skilled staff could fuel salary inflation as employers struggle to find suitably qualified recruits able that can hit the ground running.

 

“At the same time, our own research suggests that there remain pockets of the country which are lagging behind others when it comes to job creation.  Unless a balance is found we could also face the opposite problem of unequal distribution of jobs hindering efforts in some regions to offer workers a living wage.”

-Ends-

 

Follow us on twitter: @kpmguk #AS2013
www.kpmg.com/uk/autumnstatement

 

For further information please contact:


KPMG Press office
Tel:  +44 (0) 207 694 8773
Mike Petrook, KPMG Corporate Communications
Mobile: 07917 384 576:
mike.petrook@kpmg.co.uk 


About KPMG:

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

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Mike Petrook

Mike Petrook

Senior PR Manager - Management & Risk Consulting, Public Sector & Technology

KPMG in the UK

020 7311 5271 / 07917 384576

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