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IWFM Responds to Chancellor Kwarteng's Mini Budget and Urges Further Support for Those Affected

Updated: Jun 9, 2023

In response to Chancellor Kwarteng's mini budget announcement, the Institute of Workplace and Facilities Management (IWFM) acknowledges the government's intention to boost the growth of the UK economy.

However, the IWFM highlights the need for more immediate relief for those impacted by the energy and cost-of-living crisis. While certain measures have been introduced, there are concerns about their adequacy and timeliness. In this blog post, we delve into the IWFM's response and explore the potential implications for businesses and individuals in the FM sector.

Limited Immediate Impact:

While today's announcement is significant, the IWFM emphasises that it may not bring immediate improvements to those most affected by the energy and cost-of-living crisis. The organization calls for greater clarity on how the intended support will be distributed and the extent to which it will benefit those in need.

Emergency Energy Price Cap:

The IWFM acknowledges the six-month emergency energy price cap for businesses starting from 1 October. While this measure provides temporary relief, it is important for organisations to effectively manage their energy usage to remain operational during the winter. The IWFM is committed to providing its members with guidance on energy management and efficiency to navigate these challenges.

Real Living Wage Rates:

The recent announcement by the Living Wage Foundation regarding increased real Living Wage rates is seen as a positive step. However, the IWFM questions whether these measures go far enough and soon enough to address the needs of those employed in the FM sector. The organization encourages its members to support their frontline staff by paying the real Living Wage and highlights a webinar hosted by the Living Wage Foundation for further information.

While the IWFM appreciates the government's efforts to stimulate economic growth, there are concerns about the immediate impact of the announced measures on those affected by the energy and cost-of-living crisis. The organization emphasizes the need for greater clarity and support to ensure the effective distribution of relief. As the FM sector grapples with ongoing challenges, the IWFM remains dedicated to providing guidance on energy management and promoting the adoption of the real Living Wage.



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