Search
Close this search box.

Spring Budget: double whammy missed?

The Spring Budget feels like a missed opportunity for the Government to recognise the enormous power of employee benefits in both reducing sickness and helping to improve the UK economy – both of which are key focus areas for the Government.

David Williams, head of group risk at Towergate Health & Protection: “The Spring Budget feels like a missed opportunity for the Government to recognise the enormous power of employee benefits in both reducing sickness and helping to   improve the UK economy – both of which are key focus areas for the Government.

“The investment in the NHS to modernise IT equipment and improve their efficiency is welcome, but that was the only real nod towards support in the healthcare space.  The Autumn Budget in November 2023 teased us with the “Back to Work” plan to support sick or disabled adults back into work along with a launch of the occupational health consultation. But today’s budget hasn’t built on this and that’s a missed opportunity.

“There was opportunity to expand to a wider view of employer-led interventions which go far beyond occupational health services.  Employers with well-structured wellbeing programmes see reduced absence rates – often preventing absence from occurring in the first place – and more productive workforces.  It would have been great to see measures announced in the Spring Budget which encouraged or incentivised businesses to support their employees in these areas.  By building on their “Back to Work” plan in this way the Government could have taken great strides to reduce the UK sickness rates and boost the economic activity at the same time.”

 

    Read more

    Latest News

    Read More

    The freelancer revolution: a new standard for equity and ownership in the gig economy

    7 May 2024

    Newsletter

    Receive the latest HR news and strategic content

    Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

    Latest HR Jobs

    University of Warwick – WMG Salary: Competitive

    Lancaster University – HR Partnering TeamSalary: £46,974 to £54,395

    London School of Economics and Political Science – Human ResourcesSalary: £29,935 to £33,104 pa inclusive with potential to progress to £35,441 pa inclusive of London

    C. £73k per annum (pay review pending). In this senior role, you will lead and inspire the HR team to ensure delivery of a first-rate

    Read the latest digital issue of theHRDIRECTOR for FREE

    Read the latest digital issue of theHRDIRECTOR for FREE