UK companies postpone hirings amid Brexit fears
Increasing numbers of British companies are putting hiring intentions on hold because of uncertainty over the outcome of Brexit negotiations.
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Sales and orders stagnating
Adam Marshall, director general of the BCC, said, "These figures reinforce what we are hearing from businesses up and down the country – the uncertainty over Brexit and the lack of bold moves to boost business at home are starting to bite."It should be a matter of grave concern to government that sales and orders both at home and abroad are stagnating."Weaker sterling is no longer proving a boon to many of our exporters, while consumer spending is failing to boost the domestic market."Increasing challenge to fill job vacancies
"We have a vibrant and innovative business community that wants to invest and grow but we are stuck in limbo while Brexit negotiations rumble on."The upcoming Budget must deliver radical, decisive action to boost growth and productivity at precisely the moment that the economy needs it most."There has never been a more important time for the government to bolster business investment, competitiveness and productivity in the face of significant Brexit headwinds."While fewer companies are trying to recruit, those that are hiring they are finding it increasing challenging to fill vacancies."The sharp deterioration of the share of firms attempting to recruit is a concern and reflects both persistent hiring difficulties and heightened economic uncertainty, which if sustained could materially weaken jobs growth."For related news and features, visit our Brexit section.Relocate’s new Global Mobility Toolkit provides free information, practical advice and support for HR, global mobility managers and global teams operating overseas.Access hundreds of global services and suppliers in our Online Directory©2024 Re:locate magazine, published by Profile Locations, Spray Hill, Hastings Road, Lamberhurst, Kent TN3 8JB. All rights reserved. This publication (or any part thereof) may not be reproduced in any form without the prior written permission of Profile Locations. Profile Locations accepts no liability for the accuracy of the contents or any opinions expressed herein.