over 50s: Live & Latest News Updates : Vimarsana.com
is to stop the boats and end illegal immigration-— immigration. unemployment has declined significantly _ immigration. unemployment has declined significantly over - immigration. unemployment has declined significantly over the . immigration. unemployment has| declined significantly over the last decade but there are still vacancies to fill and specific groups to help. on monday, the employment minister and i visited a job centre where we welcomed employers to come and speak directly. will my right honourable friend join me in congratulating stop a job centres on the proactive work they are doing and what they come to visit the job centre in person? come to visit the 'ob centre in erson? :, i , come to visit the 'ob centre in erson? ., i, :, :, :,, person? can i fight my honourable ffiend person? can i fight my honourable friend and join _ person? can i fight my honourable friend and join him _ person? can i fight my honourable friend and join him in _ person? can i fight my honourable friend and join him in finding - person? can i fight my honourable friend and join him in finding all. friend and join him in finding all the staff at arnold job centre for their hard work. i shall keep his kind invitation to visit in mind. he mentioned the over 50s or as my friend the chancellor described them, our more experienced workers, and he was right to focus on them because together with the work and pensions secretary, we are putting in place a range of measures to help support them to return to and stay
far enough to was financial or economic stress and perhaps one problem we will look at overtime is how if find a long period of easy, free money in some ways, you could argue for good reasons response to the financial crisis, covid, european debt crisis and everything else, but that money has encouraged a lot of risk—taking and some of that may be coming home to roost. are you worried? i am always worried. it's one thing you are always outdated strategy, if you aren't worrying, you are taking too much risk and taking. we have had global equality washington system and warren buffett is finding out who has the winning shot sign. we are. thank you and speak to you again soon. russ mould, investment director at aj bell. stay with us on bbc news, still to come: the generation x factor. why the over—50s have the skills so many employers want but aren't
range of measures to tempt parents, the over 50s, retirees and those on disability benefits into employment. that includes abolishing the lifetime allowance for pensions. the amount that workers can accumulate before they pay extra tax. 0n the cost of living the government is going to continue to cap typical household energy bills at two point £5,000 until the end ofjune. feel duty from motorists is frozen for another year. the business, corporation tax is going to increase from 19 to 25% but firms will also get £9 billion of tax relief if they invest in new machinery and technology.— they invest in new machinery and technology. what i want to sa to and technology. what i want to say to young — and technology. what i want to say to young people _ and technology. what i want to say to young people is - and technology. what i want to say to young people is that - say to young people is that this is a growth plan that will mean there are betterjobs, but opportunities for you, we�*re going to fill thei opportunities for you, we�*re going to fill the 1 million vacancies that companies up and down the country have, so they can grow faster. and we�*re going to encourage them to invest more with one of the
as $54 billion from the swiss central bank. is it enough to calm fears of a new financial crisis? plus: rates rethink. will market turmoil force the european bank to scale back a rise in the cost of borrowing later today? and the generation x—factor. why the over—50s have the skills so many employers want, but aren't applying for thejobs. let's now get down to business. we start here in the uk, where households and businesses are weighing up whether they will be better or worse off following the chancellor of the exchequer�*s first budget. jeremy hunt wants to kick—start a stagnating economy that's lagging behind its rivals across the developed world. the big focus — getting more people into work and tackling the labour shortage that has left more than a million job vacancies unfilled.
real issue? that's right. the uk is definitely _ real issue? that's right. the uk is definitely grappling i real issue? that's right. the i uk is definitely grappling with a labour shortage and by the way so is the us and we know that because the uk economy is still about 1% smaller as an economy than pre— pandemic. the labour shortage is holding it back from growing at its full potential and we have many older workers set back and parents, many older workers step back and not return and there is a quarter of a million workers in the uk who have not returned who could be back and helping us grow. the chancellor has announced _ helping us grow. the chancellor has announced different - helping us grow. the chancellor has announced different ways i helping us grow. the chancellor| has announced different ways to get the over 50s back into the workplace. from your perspective, what do employers need to say to get this kind of work are back on board absolutely, so, we're looking
thank you for talking to us. the government in the uk very much keen to get older people back into work. just how important our older people for the economy?— for the economy? older people are absolutely crucial _ for the economy? older people are absolutely crucial to _ for the economy? older people are absolutely crucial to the _ for the economy? older people are absolutely crucial to the economy, | absolutely crucial to the economy, on an individual level and an economy wide level, and when organisations have more older workers, they are more productive, when you bring older and younger workers together you create more innovation, and a state pension age rises, more people will be going into work. this was billed as a back to work budget for the over 50s in the run—up, and i have to say this isn't quite what we got. it was definitely a bit of a missed opportunity to do more to help the people who would like to be in work. there are elements in this to help
thank you for talking to us. the government in the uk very much keen to get older people back into work. just how important our older people for the economy?— for the economy? older people are absolutely crucial _ for the economy? older people are absolutely crucial to _ for the economy? older people are absolutely crucial to the _ for the economy? older people are absolutely crucial to the economy, | absolutely crucial to the economy, on an individual level and an economy wide level, and when organisations have more older workers, they are more productive, when you bring older and younger workers together you create more innovation, and a state pension age rises, more people will be going into work. this was billed as a back to work budget for the over 50s in the run—up, and i have to say this isn't quite what we got. it was definitely a bit of a missed opportunity to do more to help the people who would like to be in work. there are elements in this to help people who want to get back into
growth. that is the goal of this government, isn't it, to bring growth to the uk economy as we are faltering, we are the worst performing in the g7. your take on what we might know will be in this budget and how effective it will be?— effective it will be? well, we know of course _ effective it will be? well, we know of course that - effective it will be? well, we know of course that it - effective it will be? well, we know of course that it is - effective it will be? well, we | know of course that it is going to be about getting people back into work and that's really, really crucial, because how can you grow an economy if your pool of labor is stagnant, if your pool of labour is perhaps even getting smaller. and that is what he wants to do, so getting the over 50s back into work really important. that is why he is going to tweak some of the pensions, try and keep those highly qualified doctors in the labour force for longer. thatin in the labour force for longer. that in turn will help the people hopefully shorten the nhs queues. there are lots of people who can't work in the 50s because they are waiting for operations etc, and treatments, so get them back into work, and of course also grandparents are looking after children. so provision for childcare not only will help youngerfamilies, but getting
the annual borrowing, that is at the end. i hearwe are the annual borrowing, that is at the end. i hear we are onlyjust going to meet that. that is self—imposed, it's choice, by the way. to theyr it's choice, by the way. to they could blow _ it's choice, by the way. to they could blow that, _ it's choice, by the way. to they could blow that, change - it's choice, by the way. to they could blow that, change the real. but those rules were important in the autumn period. find but those rules were important in the autumn period.— the autumn period. and that is important _ the autumn period. and that is important because _ the autumn period. and that is important because politically l the autumn period. and that is. important because politically we think this is the back to work budget, this is all about trying to answer the questions on labour shortages that we've seen in many industries. the fact that there are people long term sick, the over 50s that have left the workforce after the pandemic. 0f that have left the workforce after the pandemic. of these measures going to work?— going to work? that's the big question! _ going to work? that's the big question! who _ going to work? that's the big question! who knows, - going to work? that's the big question! who knows, is- going to work? that's the big question! who knows, is the | going to work? that's the big - question! who knows, is the honest answer, but the political success of this budget will be the answer to that question. there's really intense political battle going on
falling numbers of vacancies, but still a lot of capacity in the economy in terms of employment, how do you get people to fill those jobs? is it that our population is shrinking, what�*s going on? t jobs? is it that our population is shrinking, what's going on? i think a lot of people _ shrinking, what's going on? i think a lot of people left _ shrinking, what's going on? i think a lot of people left the _ shrinking, what's going on? i think a lot of people left the workforce l a lot of people left the workforce during covid lockdown is, particularly, and thinking about the over 50s who were very concerned about their health and theyjust haven�*t returned to the workplace. you also have an issue where lots of people may have decided that they were going to remain in full—time education rather than going to the workplace during those covid lockdown is, and you have a situation where there were an awful lot of people trying to access the nhs because they have health issues but adding to that a number of mums who say that childcare is utterly unaffordable and just keeping them from getting a job. iloathed unaffordable and just keeping them from getting a job-— unaffordable and just keeping them from getting a job. from getting a 'ob. what about some ofthe from getting a job. what about some of the measures _ from getting a job. what about some of the measures that _ from getting a job. what about some of the measures that the _ from getting a job. what about some of the measures that the chancellorl of the measures that the chancellor might look to take in his budget, his financial statement, which is due on wednesday of this week? what would help in that regard? ititle’sre