Businesses struggle to spend on staff training as they prioritise high energy costs

'Our members are already experiencing this through tighter capital markets and rapidly rising costs,' said Ibec head of national policy and chief economist, Gerard Brady, pictured with Fergal O’Brien, Director of Lobbying and Influence, Ibec, and Hazel Ahern Flynn, Economist. Picture: Maxwells.

More businesses are cutting their training budgets for staff as they struggle to fight soaring costs such as energy, according to a leading business representative group.

Ibec has called on Government to introduce a payment break and a rebate for training as part of the National Training Fund, which the lobby group said consists of €1bn that has been collected by the State from employers over time.