Spring statement misses the mark for UK professionals

The Government’s Spring Statement has fallen short for UK professionals as the latest survey from the UK’s leading independent job board, CV-Library, reveals.

The vast majority, of the 4,000 respondents were already in disagreement with Sunak, and his statement last week that the UK labour market is in a strong position to deal with the current Global challenges. 69% feel the Chancellor is wrong about the job market and do not share his beliefs or optimism. 

On the day inflation hit a 30-year high, 71% of respondents say that worries over the cost of living have superseded any worries about the pandemic and COVID-19. The survey revealed which costs UK professionals are most concerned about: 

  1. Energy 60% 
  1. Fuel 20% 
  1. Food 16% 
  1. Travel 4% 

Lee Biggins, Founder and CEO of CV-Library commented: “There was never going to be a quick fix to solve the depth of problems the UK is currently facing, but the Government missed a big opportunity in the Spring Statement. Bold plans were needed to tackle the rise in the cost of living, and they failed to materialise. Our survey proves that rising energy costs are the biggest concern for most people and the Government simply isn’t listening.” 

Biggins continued: “With UK workers having to wait up to two years for the 1p drop in income tax, the immediacy of the rise in the unemployment allowance is a welcome relief for UK businesses but, overall, there feels like little has been done that will make a significant impact and help drive the change and investment needed for growth.”