Managers want to invest in skills but call on help from Government

A survey from the Chartered Management Institute shows managers are adamant ongoing skills development will be key for Britain's economic recovery - but they cannot support it without more help from the Government.

Ruth Spellman, chief executive of the Chartered Management Institute, said: "The Government needs to take decisive action to invest in recovery in the Budget this week. Managers strongly favour tax breaks as a vehicle to stimulate investment and whilst we support other measures such as deferred tax payments and increases in capital allowances, we know skills will be a critical constraint as soon as the economy picks up. Action is needed now."

Despite the economic conditions, 62% of managers feel secure in their jobs although 61% believe the recession could last two years.