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Comment on the Budget from The Work Foundation

22 June 2010

Ian Brinkley, associate director at The Work Foundation said in response to today’s Budget:

“The forecast increase in economic growth and fall in unemployment look encouraging. The big question is whether they are credible? The assumption that big falls in public sector employment can be plausibly absorbed by the private sector still has to be tested.

“The regional announcements on capital projects and the Regional Growth Fund are very welcome, though we have reservations about the regional National Insurance cuts. Such schemes often have high deadweight and displacement costs. It would have been far more effective and less wasteful to spend the money targeting high growth firms in the regions.”

ENDS

Notes to editors
Ian Brinkley is available for interviews and briefings.
An extended briefing will be issued at a Post-Budget Breakfast Briefing with Will Hutton and Ian Brinkley on Wednesday 23 June 2010, 08:30 for 09:00 – 10:30, at The Work Foundation, 21 Palmer Street, London SW1H 0AD
The Work Foundation is the leading independent authority on work and its future. It aims to improve the quality of working life and the effectiveness of organisations by equipping leaders, policymakers and opinion-formers with evidence, advice, new thinking and networks. www.theworkfoundation.com.
 

Media enquiries:

Gideon Benari

 020 7976 3584  020 7976 3584 or  07825 527 040  07825 527 040   GBenari@theworkfoundation.com