UK employers’ confidence fall

Dhaka,  Sun,  24 September 2017
Published : 23 Aug 2017, 15:09:41

UK employers’ confidence lowest since Brexit

UK employers’ confidence fall
Employers’ confidence in the UK has fallen to its lowest since last year's vote to leave the European Union, a survey by the recruitment industry showed on Wednesday.

The Recruitment and Employment Confederation said 29 per cent of firms surveyed reported higher confidence in hiring and investment, but 20 per cent were less confident than before. 

The positive margin was the narrowest since the REC started the survey in its current form in June 2016.

Employers' confidence about the economy in general was the lowest since November.

"This drop in employer confidence should raise a red flag," REC chief executive Kevin Green said.

It is unclear how much Britain's government will curb immigration by EU workers after the country leaves the bloc in March 2019.

Official statistics last week showed that year-on-year growth in the number of non-British EU-born workers fell to a seven-year low in the three months to June, reports Reuters.

The REC said staff shortages were most acute in the construction and health and social care sectors, both of which rely heavily on foreign staff.

Overall, 40 per cent of employers said they had "absolutely no" spare capacity, up from 35 per cent a year earlier.

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