• UK employers fear Brexit hit to economy - REC

Market news

24 April 2019

UK employers fear Brexit hit to economy - REC

British employers are their most worried about the economy since the 2016 Brexit referendum, but they also plan to hire extra staff, according to a survey.

More firms were downbeat about the outlook for jobs and investment than were optimistic for only the second time since the Recruitment and Employment Confederation began its surveys in June 2016, the month of the referendum. But in the short term, companies planned to increase their headcount, especially for temporary workers, possibly reflecting their reluctance to make longer-term commitments to investment.

"The more positive figures on hiring for temporary workers suggest that many businesses are turning to agency work to help them navigate the unpredictability they currently face," Neil Carberry, the REC's chief executive, said.

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