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CMI calls for training tax credits

The Chartered Management Institute is calling for tax relief to businesses who provide training opportunities for staff.
Ruth Spellman, the Institute’s chief executive, said: “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.”
Mr Spellman’s comments come in the wake of a poll conducted by the CMI to ask how business leaders across the construction sector plan to manage the economic downturn.

Key findings suggest that employers in the sector are heavily reliant on Government to make bold decisions:
- 80 per cent in the construction sector want even more financial support from Government to help develop employee skills.
- 57 per cent say flexible working regulations must be applied across the whole workforce.
- 56 per cent in construction have called for a reduction in business taxes.