George Osborne’s budget has made a bad situation worse for the nation’s young people – unless, that is, they are poised to inherit their grandparents’ £1m home and will benefit from a higher inheritance tax threshold. Without access to this tax break, they are sliding backwards. Tax credits Young families on low incomes are expected to be among the worst affected by changes to universal credit that will deduct benefits faster as they earn more. It will cost 3m families an average
The prospects for young Britons have deteriorated sharply since the Tories entered government in 2010 as money and resources have been targeted at the older generation, according to a devastating new report by economists. The latest findings of the Intergenerational Foundation, highlight a sharply widening gap on its “fairness index” between people under 30 and those over 60. The report illustrates how the younger generation is increasingly paying the price for supporting those already in, or approaching, older age as the cost
More than half of employers fear they will not be able to recruit enough high-skilled workers, according to a survey by the CBI. The employers’ organisation is warning that a skills shortage is “threatening to starve economic growth”. “Firms are facing a skills emergency now,” said CBI deputy director-general Katja Hall. In the Budget, the government announced a levy on large employers to fund new apprenticeships. “By developing the skills of young people, businesses can boost their productivity, employees can harness
Based on 5,247 interviews Hiring for Attitude, the top five reasons why new hires failed are: 1. Coachability: The ability to accept and implement feedback from bosses, colleagues, customers and others. 2. Emotional Intelligence: The ability to understand and manage one’s own emotions, and accurately assess others’ emotions. 3. Motivation: Sufficient drive to achieve one’s full potential and excel on the job. 4. Temperament: Attitude and personality suited to the particular job and work environment. 5. Technical Competence: Functional
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