Job market recovery will be slow going, says REC

IT contractors will find the recovery of the UK jobs market "slow going", according to the Recruitment and Employment Confederation (REC).
Speaking in response to the Budget announcement made yesterday by the chancellor, Alistair Darling, the REC welcomed some of measures taken to help out small and medium enterprises (SMEs).
Busimness rates have been cut for many SMEs, with Mr Darling estimating that 350,000 of them will have to pay none at all for a year, while the chancellor pledged to increase the number of government contracts handed out to SMEs by 15 per cent.
Yet the forecast of only between one and 1.5 per cent growth for the economy remains concerning, said REC chief executive Kevin Green.
"Additional support and training measures announced by the Chancellor will not help unless we boost demand and lift barriers to job creation, such as excessive employment legislation and business taxation," Mr Green added.
With this in mind, Mr Green stated that it was a shame that the government had followed through on plans to increase National Insurance contributions, which he believes is "tantamount to a tax on jobs".
