Brexit UK employment success sparks new Frexit calls – hiring at highest in eight years

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    A new survey showed on Monday that British employers plan to increase staff numbers by the most in more than eight years over the coming months and few intend to make staff redundant when government furlough support ends next month. The news was hailed by Frexiteers who argued Brexit and UK’s freedom from EU’s shackles was to be thanked for the positive forecast.

    Generation Frexit leader, Charles-Henri Gallois said: “Hiring prospects at their highest for 8 years in Brexit UK!

    “From ‘despite Brexit’ to ‘thanks to Brexit’.

    “Let’s take back control. Frexit!”

    The quarterly survey by Britain’s Chartered Institute of Personnel and Development (CIPD) added to signs of labour market shortages as the economy emerges from the coronavirus pandemic, though it offered less evidence of wage or inflation pressures

    The CIPD said the net employment intentions balance – the difference in percentage points between employers who are hiring and those cutting staff – rose to +32 from +27 three months earlier, its highest since the survey began in early 2013.

    “Employers are very optimistic, indicating strong recruitment intentions, and redundancy expectations appear much lower than originally predicted during the pandemic,” Jonathan Boys, labour market economist at CIPD, said.

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    But there was less sign that this was leading to big rises in wages, in contrast to some other surveys of recruiters and employers.

    The BoE has said it is keeping a close eye on wage pressures because of the potential longer-term inflation impact.

    The CIPD survey showed that employers offered an average annual pay rise of 2 percent to staff this summer, unchanged from the spring and in line with pre-pandemic norms.

    Raising pay was not generally seen as the solution to staff shortages either.

    Only 23 percent of employers with hard-to-fill vacancies said they would raise wages, compared with 44 percent who aimed to train existing staff to fill these roles.

    The CIPD survey was based on the online polling of 2,042 employers conducted by YouGov between June 16 and July 12.



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