UK firms, worried about pandemic and Brexit, hire temp workers

imageEconomic IndicatorsSep 08, 2020 08:10PM ET

(C) Reuters. A man walks through financial district during rush our, amid the coronavirus disease (COVID-19) outbreak, in London

LONDON (Reuters) – British firms hired temporary staff in August at the fastest pace since the end of 2018 as they tried to recover from the COVID-19 lockdown but remained wary of the pandemic and the Brexit impasse, a recruiters industry group said.

There was also a jump in the availability of candidates which rose at the second-steepest rate in over 20 years, reflecting redundancies announced by many companies in Britain.

Billings from temporary hirings rose for the first time in seven months, the Recruitment & Employment Confederation and accountants KPMG said on Wednesday.

Employers typically rely on temporary workers at times of economic uncertainty.

There was also a rise in billings from companies hiring permanent workers in August but the increase was worryingly small, the REC said.

“It reflects the uncertainty businesses face about what will happen over coming months with the pandemic and Brexit,” Neil Carberry, the chief executive of the REC, said.

Carberry urged the government to settle its differences with the European Union and strike a trade deal.

The survey’s gauge of demand for staff deteriorated in August after three months of improvement.

Britain looks set for a sharp rise in unemployment as the government winds down its emergency coronavirus job retention scheme by the end of next month.

Carberry called on the government to cut employers’ social contribution requirements and offer them more help with skills training.

UK firms, worried about pandemic and Brexit, hire temp workers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>