The UK’s Recruitment & Employment Confederation’s measure of confidence in hiring and making investment fell to -13 in the three months to June
- the lowest since the same period in 2020
- down from -7 in the three months to May
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Remarks from the report:
- “This new report clearly shows the effect of rising inflation and labour shortages on businesses across the country,” Neil Carberry, chief executive of the REC, said.
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“While firms are still looking to bring on new staff, this is really a reflection of how difficult businesses have found it to hire so far this year,” he added.
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Info via Reuters
UK PM Boris Johnson is sticking around until September when his successor will be appointed.
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