Insights Seetec Responds to the UK 2021 Budget - An Inclusive Recovery Post-COVID
03 March 2021

Seetec Responds to the UK 2021 Budget - An Inclusive Recovery Post-COVID

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The Chancellor has unveiled a Budget that aims to ‘protect the jobs and livelihoods of the British people’ following a year of extraordinary economic challenge, while taking steps to repair the long-term impact of the pandemic on the public finances.

Commenting on the Chancellor’s Budget statement, Ian Porée, Seetec’s Chief Executive Officer, said:

“Seetec believes that the social and economic recovery from COVID-19 needs to be built around the principles of inclusion and opportunity. In practice, this means working to improve our collective skills base and a better settlement for the regions to address disadvantage. We welcome the Chancellor’s commitment to the skills agenda with a £126 million boost for traineeships and a doubling of the employer incentive payment for recruiting apprentices of all ages. Increasing the apprenticeship incentive is a positive step forward to help encourage employers to bolster their talent pipeline with, in particular, young people whose life chances have been impacted by the pandemic.

“The true scale of the economic challenge has been laid bare today by the Chancellor. As an employee-owned business group that helps people to achieve their full potential through employability, justice and skills services, we have seen the impact that COVID-19 has had on the communities that we serve. The Government must not lose sight of pump-priming a regional approach to the recovery during the challenging months ahead as local communities, the individuals and families living in poorer areas in particular, will need clarity about what opportunities will be available to them in a post-COVID world. The focus should be on delivering an inclusive recovery, to tackle the opportunity and regional wealth gap, that sets a new course for all parts of the United Kingdom to prosper.

“It is too early to tell if the Government’s strategy and the impact of today’s Budget will be enough to stimulate a recovery that benefits all parts of our society. We believe it is everyone’s responsibility to work in the national interest to ensure the recovery succeeds.”