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11 November 2015

Jobs market positive but businesses need sustained support, says FSB

Commenting on the latest UK jobs numbers which show that 177,000 more people were in work and 103,000 fewer people unemployed in the period July to September 2015 compared to the period April to June, John Allan, FSB National Chairman, said:

“The jobs market remains encouraging with steady growth in employment and wages, proving again the ability of the private sector, and especially small businesses, to create jobs.

“Recent FSB research has however found that although small businesses continue to increase headcounts, their confidence is not as strong as in previous quarters. This is likely to be related to a range of upcoming policy changes including higher than expected minimum wage increases, auto-enrolment deadlines, and changes to how dividends are taxed.

“The upcoming Autumn Statement will be a key opportunity for the Chancellor to reassure business, demonstrating he is aware of the challenges they face, and to maintain the positive momentum in the labour market. Committing to measures on business rates - including extending both the soon to expire retail relief and the temporary doubling of small business rate relief (SBBR) - will help bring the economic certainty. This will allow small business to continue to grow, raise wages and take on new staff.”