Anchor's Chief Executive, Sarah Jones, and Executive Director of Development, Oliver Boundy, comment on today’s Budget statement.
Chief Executive, Sarah Jones says:
Remove barriers to later life working
We are encouraged to see employment prioritised in the Spring Budget. It’s important that government directly recognises the enormous value and potential of supporting older people who want to be in the workforce to be able to continue to contribute.
Research from think-tank Demos, supported by Anchor, reveals the UK economy could unlock £6.6bn a year by returning to pre-pandemic levels of later life workers.
Amidst the cost-of-living crisis, rising inflation and skills shortages, government must act now. Removing barriers to later life working can futureproof our economy, and as an Age-friendly Employer, we see first-hand the benefits of later life working and the invaluable skills older workers bring. We’re calling on government to do more to recognise their contribution, and we’re urging other businesses to sign the Age-friendly Employer Pledge to help make workplaces more inclusive.
Executive Director of Development, Oliver Boundy adds:
It is no secret that the UK is in the midst of a housing crisis, there is a huge shortage of affordable homes and while conversation on this often centre around younger families and first-time buyers, there is a risk of those in later life being forgotten. We have seen that the demand for appropriate housing is equally high for older people as younger. We were disappointed there were was no reference to increased grant funding for affordable homes, as we feel this is key to increasing supply and meeting the high demand for older people’s housing.
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