Member Article

Businesses intend to employ more but finding skilled labour is barrier

Employment intentions among the UK’s businesses are rising, but recruitment of skilled labour still remains a difficulty, a Bank of England study shows.

Professional services firms were planning to concentrate recruitment in junior staff to keep employment costs low.

Investment intentions remained ‘moderately high’ across November and demand for credit had continued to increase, firms reported.

The survey of over 700 regional businesses, know as the Bank’s ‘Agents’ Scores’ are used to inform monetary policy and guage sentiment among businesses.

Businesses from various sectors are questioned across a number of critera by the Bank’s regional agents.

Growth in business servicesturnover had risen slightly, with a broadening of growth across subsectors.

Investment intentions in both manufacturing and services had continued to point to modest growth in capital spending over the next twelve months.

This was posted in Bdaily's Members' News section by Tom Keighley .