Brexit news: London achieves fastest increase in job creation since referendum
The capital is generating employment at the fastest rate since the EU referendum, figures show. Despite Brexit doom-mongers the capital has seen its fastest increase in job creation since last April. Firms across the UK are also expecting to hire more people in the coming months.
GETTY Still no sign of Remoaner economic disaster as post-Brexit job boom breaks records
London business activity gained momentum at the start of the third quarter Paul Evans
Paul Evans from Lloyds Bank said: “London business activity gained momentum at the start of the third quarter. “Companies are keen to take on more staff despite higher salaries affecting their margins and feeling less certain about their future.” New data, published by the Chartered Institute of Personnel and Development (CIPD), shows that the number of businesses expecting employment increases in the coming months has jumped from 20 per cent to 27 per cent.
GETTY London has seen its fastest increase in job creation since last April
The Recruitment and Employment Confederation (REC) also reports that the number of staff getting permanent contracts has jumped to its highest level in more than two years. In further good news, unemployment across the UK is at its lowest rate since the 1970s, with 4.5 per cent of the labour force out of work, down from 4.9 per cent in August last year. However, despite the historically low rates of unemployment, prospects for higher wages look unlikely.
GETTY Despite the historically low rates of unemployment, prospects for higher wages look unlikely
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