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This Budget ensures that the welfare system is fair to taxpayers while supporting the most vulnerable, and builds an economy based on higher pay, lower taxes and lower welfare.It ensures that the richest are paying a greater share of tax than they were at the start of the last Parliament, whilst the poorest continue to receive the bigger share of spending.Over the past year, 85% of the increase in employment has been in full-time work and 92% has been in high or medium-skilled jobs.
The recent growth in employment predominantly reflects increases in full-time employment and those employed in high and medium-skilled occupations.
Encouragingly, the increase in participation has been strong amongst women and older workers.
The number of working-age women participating in the labour force has increased by over 700,000 since the beginning of the crisis.
This Budget sets out the action the government will take to: The government’s long-term economic plan has laid the foundations for a stronger economy, and the UK’s recovery is now well established.
The labour market remains strong, and in the 3 months to April 2015, employment was around record levels at 31.1 million.