What does the budget mean for graduate jobs?

2011 budget 150What has the budget done for graduate recruitment, will graduate jobs see an improvement

The budget was aimed at improving the economic growth; with George Osbourne saying it would be aimed at creating a ‘flexible, educated workforce’. With measures designed to encourage small and medium sized business growth, this will hopefully give businesses more confidence to recruit the ever increasing amount of graduates.

There are also several schemes which have been created to help the lower skilled end, Not in Education, Employment or Training (NEET). One of the biggest boosts for graduates/young people out of work is the announcement that job seekers work experience scheme is to be extended. Job seekers will continue to receive when doing work experience placements which last up to eight weeks. Yet the age limit for this may mean that many graduates won’t qualify for the scheme, surely therefore it job seekers should qualify if they have left education in the last 2-3 years.

The conservatives and the Lib Dems are going to try and cut corporation tax and create new ‘Enterprise zones’, demonstrating that they are committed to creating jobs for graduates and the ‘lost generation’. Graduates in particular receive little support, with such fierce competition for fewer jobs. With the HEFCE graduate internship scheme ending this month, thousands more graduates entering the market in the coming months means the government has a duty to do more for graduates seeking graduate schemes/jobs, yet this important issue has still been ignored by the government.

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