Food shortages, petrol crisis, the last few months in the UK have been challenging for a number of Brits. A lot of the recent issues are down to a shortage of HGV drivers. It’s estimated that Britain needs an additional 100,000 drivers to ease pressures.The COVID-19 pandemic and Brexit are being blamed for the shortage of drivers. However, new research from the Road Haulage Association (RHA) reveals that recent tax changes could partly be to blame.For those that aren’t familiar with it, … [Read more...]
The UK Labour Market Statistics
The Office for National Statistics (ONS) shares the current state of the labour market ending April 2021. To the surprise of many economists who were expecting the unemployment rate to be much higher than the current 4.9% which is 0.9% higher than previous year. This is, to a large extent, due to economic support by Government towards furlough and Covid-19 Relief schemes. Since the start of the pandemic the UK Government has granted £54 billion towards COVID-19 relief schemes to … [Read more...]
Employment Showing Signs Of Recovery
Recent UK report on jobs by KPMG and REC indicates an improved market confidence among employers as Government outlines its roadmap for lifting lockdown. The volatile job market is showing signs of recovery following Government’s strategy to lift lockdown. According to the KPMG and Recruitment & Employment Confederation (REC), UK Report on jobs there is still an upsurge of temporary billings, however, the economy is now seeing a steadfast increase in permanent job placements … [Read more...]