UK Service Sector Hiring At Record Pace

British service sector firms are hiring new staff at the fastest rate in six years and are planning to ramp up investment as the country’s economic recovery gathers momentum, a survey showed on Tuesday.

In the three months to November, a balance of 41 percent of consumer services firms and 28 percent of business and professional services companies said their staff numbers increased, the survey by British business lobby CBI showed.

The Bank of England is closely monitoring the health of the labour market and has said it will consider raising its record-low interest rates once unemployment falls to 7 percent.

via Reuters

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