UK Firms Cut Hiring for First Time in 4 Months Before Budget
Updated
Updated · Bloomberg · Nov 9
UK Firms Cut Hiring for First Time in 4 Months Before Budget
2 articles · Updated · Bloomberg · Nov 9
Summary
Britain’s brief jobs recovery stalled in the weeks before Chancellor John Healey’s budget, with employers reducing hiring for the first time in four months.
REC and KPMG said temporary job placements also fell for the first time since March, while vacancies kept shrinking.
The survey is closely watched by Bank of England officials, making the pullback a fresh signal of labor-market weakness ahead of the budget.