Published 1 month ago • loading... • Updated 1 month ago

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

Private sector recruitment has fallen to its lowest level since November 2012, according to data from BDO.
Employers expressed concern about hiring due to economic uncertainty and changes to National Insurance and employment rights legislation, as reported by KPMG and REC.
Businesses reduced jobs or slowed recruitment last month, with demand for new workers at its lowest since the pandemic.
The Conservatives stated that Labour's National Insurance jobs tax and economic mismanagement would harm growth and jeopardize jobs.

Insights by Ground AI

Does this summary seem wrong?

14 Articles

All

Left

Center

Right

Guido Fawkes

Worst Jobs Crash Since 2020 Under Reeves

Rachel Reeves' promise of delivering growth is continuing to look like a dud. According to the latest KPMG survey, new job openings fell at their fastest

1 month ago

Read Full Article

Evening Standard

Business hiring at its weakest since the pandemic following Budget tax raid

Researchers warns there is unlikely to be any “significant improvement” in the near future

1 month ago·London, United Kingdom

Read Full Article

Sky News UK

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

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 […]

1 month ago·United Kingdom

Read Full Article

Reuters

+2 Reposted by 2 other sources

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

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.

1 month ago·United Kingdom

Read Full Article

Financial Post

Unemployment Fears Are Getting in the Way of a UK Consumer Boom

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

1 month ago·Canada

Read Full Article