Move would help tackle Britain’s productivity crisis, says a new report
Jeremy Hunt should copy the Danish benefits system to encourage people to switch jobs more often, according to a new report.
The Resolution Foundation has urged the Chancellor to offer people who lose their jobs more generous benefits to encourage them to take more risks with their careers.
This would help tackle Britain’s productivity crisis by making the jobs market more dynamic and boost overall growth at a relatively modest cost, the Resolution Foundation argued.
Economists Louise Murphy and Mike Brewer recommend that people who have been in work for at least 12 months and lose their jobs involuntarily should be eligible to receive up to 65pc of their in-work salary for the first three months spent unemployed.