Britain's jobs market showed further signs of cooling at the start of the year as demand for staff fell by the most since mid-2020, according to a survey that suggested the government's payroll tax hike and economic uncertainty is weighing on hiring.

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UK vacancies weakest since 2020 and pay growth cools, survey shows

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Companies are slowing investment until they see more momentum in the economy, according to a closely-watched report on employment conditions which warns that budget measures are “acting as brakes” on hiring. The Recruitment and Employment Confederation (REC) and KPMG’s latest snapshot on recruitment found permanent staff vacancies declined at the steepest rate since August 2020 […]

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Budget tax hikes and financial gloom 'acting as brakes' on employment | Money News | Tech, Entertainment, Sport, Fashion, Travel News

LONDON (Reuters) – Britain’s jobs market showed further signs of cooling at the start of the year as demand for staff fell by the most since mid-2020, according to a survey that suggested the government’s payroll tax hike and economic uncertainty is weighing on hiring. The monthly Recruitment and Employment Confederation and KPMG survey published on Monday showed the biggest drop in vacancies since August 2020. Its measure of starting pay for pe…

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Slack continues to build in the labour market, a closely watched survey suggests, with vacancies “tumbling” ahead of April’s national insurance hike. Demand for staff fell at its greatest extent since August 2020, a new report from KPMG and the Recruitment and Employment Confederation (REC) said. This sharp fall was particularly pronounced for permanent staff, with the rate of contraction accelerating for the fifth consecutive month. The survey …

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BRITISH workers are increasingly worried about losing their jobs, and it’s preventing the economy from benefiting from a potential uplift in consumer spending.

UK vacancies weakest since 2020 and pay growth cools, survey shows

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