Job Creation and Training
The question
To ask the Chancellor of the Exchequer, what steps she is taking to ensure that the Autumn Budget 2025 incentivises businesses to invest in (a) job creation and (b) workforce development.
Answered by Dan Tomlinson
Economic growth is the central mission of this government, and we recognise that sustainable growth can only be achieved in partnership with businesses and other stakeholders.
We are providing long-term stability through clear fiscal rules that give firms the confidence to hire and expand. Through the National Wealth Fund, we are unlocking over £70 billion in private investment and creating jobs across key sectors. We are also advancing structural reforms to drive business-led job creation, including a new modern Industrial Strategy, agreeing new trade deals, reforming the UK planning system, and have launched the Backing Your Business plan, which delivers targeted support for small and medium-sized enterprises.
To support workforce development, we are transforming the apprenticeship levy into a more flexible Growth and Skills Levy, enabling employers to fund a wider range of high-quality training, including shorter and foundation apprenticeships and short courses under the Industrial Strategy. Employers are also supported through an NIC exemption for apprentices under 25.
However, we cannot comment in advance on Budget measures.
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