Brexit taking its toll on employers' confidence levels, survey suggests

23 Aug 2017

A survey carried out by the Recruitment and Employment Confederation (REC) has suggested that employer confidence in the UK economy has moved into negative territory as a result of ongoing Brexit and political uncertainties.

The REC’s JobsOutlook Survey, which polled 601 UK employers, revealed that employer confidence has fallen from +6% in July to -3 this month.

It found that 31% of employers expect the UK economy to worsen, and just 28% expect it to improve.

In addition, 40% of employers interviewed stated that they have ‘no spare capacity’, and would need to recruit to meet additional demand. Many of those surveyed also expressed concerns over a ‘lack of appropriate candidates’ for construction jobs.

Kevin Green, Chief Executive of the REC, stated: ‘Businesses are continuing to hire to meet demand, but issues like access to labour, Brexit negotiations and political uncertainty are creating nervousness.

‘The jobs market is in a good place but employers will only continue to hire and invest if they feel assured about the future.’

ABTA logo icaew logo vtc logo

Home | Contact us | Register | Accessibility | Disclaimer | Help | Site map | © 2018 Stein Richards. All rights reserved.

Stein Richards Limited registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. We use cookies on this website, you can find more information about cookies here. Stein Richards, 10 London Mews, Paddington, London W2 1HY