Government should provide staff training tax breaks, say IT managers


Government should provide staff training tax breaks, say IT managers

Simon Quicke

With the budget just a matter of hours away the wish list from UK businesses continues to grow with tax breaks for skills investment the latest to be added to the list.

Managers quizzed by the Chartered Management Institute (CMI) said that unless the government steps in then companies will not be able to support staff development.

The silver lining in the CMI's latest half yearly Economic Outlook is that 13% of those operating in the IT sector expect the recession to have a beneficial impact as they help customers control costs and improve efficiencies.

"Business managers are convinced that a skilled workforce will be an integral part of the recovery process, and are recommending that, especially in these difficult times, government should provide further financial support for skills development and training," said Lord John Eatwell, chief economist at the CMI.

"This would be an investment in a competitive future, and should be a priority for the recovery programme embodied in the Budget," he added.

Overall the CMI survey found that there was widespread optimism about the long-term.

This story originally appeared on Microscope.

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