Worker shortages intensify despite employers ramping up hiring September 3, 2021 UK firms’ struggle to find candidates to fill roles continues to intensify amid severe shortages of workers across the economy, according to new figures released today. Latest data from the Recruitment and Employment Confederation shows nearly 200,000 new job ads were posted in the last week alone, highlighting how desperate employers are to hire new [...]
Berkeley on track with profit guidance despite ‘challenging’ market conditions September 3, 2021 Housebuilder Berkeley Group has said it is on track with its profit guidance for the current year after “resilient market conditions” continued over the past four months. The company said reservations are currently in line with those seen two years prior to the pandemic, after seeing a “gradual firming” of the London market in recent [...]
Brexit: Three CAs from across British industry share how their businesses have been affected September 3, 2021 A Brexit deal may have been signed as the clock struck 2021, but many of the finer details are still being ironed out. Ryan Herman speaks to three chartered accountants (CAs) to discover how their businesses have been affected. This article first appeared in ICAS’ CA magazine. Depending on where you stand on Brexit politically, [...]
Another Goldman banker or a much needed hawkish voice: Who is Huw Pill? September 2, 2021 Much has been made over whether the corridors of the Bank of England will resemble a Goldman Sachs office following the appointment of Huw Pill as the Old Lady’s new chief economist. It does follow a string of high-profile appointments at the Bank in recent years from the pool of Goldman alumni. Mark Carney, who [...]
Brexit: UK food and drink exports to EU plummet September 2, 2021 Food and drink exports from the UK have plummeted due to a sharp drop in trade with the EU after Brexit, according to fresh research published today. Data from the Food and Drink Federation shows overall UK exports of food and drink slid £2bn in the first half of this year, primarily the result of [...]
Stop blaming Brexit for beer supply issues, says Wetherspoon’s Tim Martin September 2, 2021 Brexit is not the cause of driver shortages as pub chain Wetherspoon’s was hit by beer supply issues earlier this week, the company’s founder Tim Martin said this afternoon. The group apologised to customers on Wednesday after it said supplies of Heineken, Carling and Coors beers ran dry in some pubs. Martin, an ardent supporter [...]
Labour shortages make light work of fears of a post-Brexit unemployment surge September 1, 2021 In the two decades before the Brexit referendum, there was a large increase in the number of people moving from the EU to the UK. In the mid-1990s there were less than one million EU citizens living in the UK. By the mid-2010s, this had risen to 3.6 million. The bulk of the increase came [...]
Huw Pill succeeds Andy Haldane as Bank of England’s chief economist September 1, 2021 The Bank of England has appointed Huw Pill as its new chief economist, ending a prolonged search for Andy Haldane’s successor, it announced today. Pill joins the Bank of England from Harvard Business School, where he has been a senior lecturer since 2018. Prior to teaching, he was Goldman Sachs’ chief European economist and has [...]
Severe shortages clamp down on UK manufacturing growth September 1, 2021 Severe shortages of raw materials and workers and transport delays have compounded to clamp down on growth in the UK manufacturing industry, according to a closely watched survey published today. The latest IHS Markit / CIPS purchasing managers’ index edged down to 60.3 in August, a five-month low, dropping from July’s reading of 60.4. Despite [...]
Labour shortages make light work of fears of a post-Brexit unemployment surge – CityAM : CityAM September 1, 2021 In the two decades before the Brexit referendum, there was a large increase in the number of people moving from the EU to the UK. In the mid-1990s there were less than one million EU citizens living in the UK. By the mid-2010s, this had risen to 3.6 million. The bulk of the increase came [...]