UK Employers Scale Back Hiring Plans After Brexit Vote – Survey

British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union, a survey showed on Monday.

The proportion of employers expecting to increase staffing over the next three months dropped from 40 percent before the referendum to 36 percent after it, according to the CIPD, an organisation representing human resources professionals, and staffing firm Adecco Group UK & Ireland.

One in five employers expected to reduce investment in training and skills as a result of Brexit and the subsequent fall in the value of the pound which will push up the cost of imports. Seven percent planned to invest more.

Reuters

Post-Brexit UK Takes Centre Stage This Week

Week Ahead Fed Minutes to Guide USD After Retail Sales Flop

OANDA MP – Dollar Sinks on Consumer Data (Video)

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.