Government tax breaks needed on IT training to survive recession


Government tax breaks needed on IT training to survive recession

Karl Flinders

The government should introduce tax credits for the IT industry as businesses in the sector call for more money to train their workers, according to a survey of UK businesses.

The Chartered Management Institute (CMI) said businesses can strengthen their ability to ride out the recession by training existing IT workers to do more.

According to research from the CMI, 66% of businesses in the IT sector want the government to provide more funds to develop the skills of existing employees.

Ruth Spellman, CEO at the CMI, said developing skills and motivating staff to perform comes at a cost, which presents a challenge in poor economic conditions.

"We are calling for tax breaks for businesses investing in their staff and are developing our proposals with key partners. Put simply, employers should be encouraged to develop staff because a depleted organisation with fewer skills to call on is less likely to survive the recession," she added.

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