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The government is going to introduce “returnerships” and expand skills bootcamps to help the over-50s to retrain and get back into work, the chancellor has said.

Jeremy Hunt is set to announce the measures as part of his plan to boost the economy in what he is calling a “back to work” budget on Wednesday.

He spoke in January of a desire to introduce a “slightly shorter type” of apprenticeship to encourage older people re-enter the workforce.

The Treasury said there are currently more than a million vacancies in the economy, and one fifth of the working population is economically inactive – out of work and not looking for work.

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