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Бизнес

Hunt mulls big tax breaks for companies to fight protracted disease epidemic

John Glen says life has become 'too comfortable' for some welfare recipients Photo: Anadolu Agency/Anadolu

Number of people the number of those economically inactive due to chronic illness has increased by about 360,000 since the start of the pandemic due to record NHS waiting lists.

The figure alarmed ministers, and Mr Glen said he was working closely with Mel. Stride, Minister of Labor and Pensions, to reduce the numbers.

1805 Prolonged inactivity during illness.

The Treasury Department is also exploring ways to allow businesses to cut their tax bills if they invest in occupational health services.

Listed as another «super deduction» by the Treasury. , the incentives would potentially give companies additional income tax credits if they hire occupational health personnel or invest more money in care services for chronic conditions such as back pain or mental illness.

Musculoskeletal and mental illnesses are the top two causes of health-related inaction in the UK.

Proposals are pending and a consultation is expected in the coming weeks. It will focus on broader tax incentives, including wage donations and other incentives that will reduce tax bills for both workers and companies to increase investment in these areas.

The Chancellor has already signaled that he will consider tearing up red ribbons to make it easier for staff to become professionally qualified for these roles.

Rishi Sunak's leading business investment super deduction policy has enabled companies to cut their tax bills to 25p each £1 which they invested in factories and equipment. similar structure, proposals for the exact level of assistance have not yet been finalized.

The proposals are part of an ongoing campaign to increase the UK workforce. Official figures show that about half a million people who are economically inactive for health reasons would like to find a job.

1,705 thousand to work and help those who quit their jobs to return.

“We should prevent you from going to the doctor by default and being discharged as chronically ill,» he said. «I think people don't see this as the right path for our society.

“We must remain compassionate for those who need support, but also be realistic about the fact that for some this is a short-term condition that needs to be maintained and supported in the workforce.”

Former Management Consultant added: «There has to be some kind of carrot and stick method because if you make life too comfortable, you won't allow people to pause to think about what options are in front of them.» .”

Previous analysis for The Telegraph shows that some 3.7 million people are receiving unemployment benefits without even looking for a job, following a surge in claims of mental health problems and joint pain during the lockdown.

These people received tax exemption. from finding work, meaning that taxpayers would have to fund their benefits indefinitely.

1805 Disability support and healthcare costs

Mr. Glen described work as «a remedy for the soul,» adding that increased life expectancy means many people are also facing a lower standard of living because they haven't saved enough for retirement.

“No one is talking about forcing the seriously ill to work, but we must challenge the fact that Covid has brought significant changes to our workforce. People made a conscious decision not to work. For some this will not be realistic.»

Mr Glen also suggested that the recent volatility in the UK bond market could mean further spending cuts in the autumn statement.

While he welcomed the recent he added that the priority of the Ministry of Finance is to reduce inflation and reduce debt. «We have rules that we intend to stick to, even if it means making difficult decisions.»

Glen, who is in charge of the Treasury Department's spending review, added that he has «challenged» his Cabinet colleagues to further reduce agency spending.

“Thought needs to change from how many more people are needed to how best to spend money to achieve these results,” he said.

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