Home British Chamber News Economic and Brexit uncertainty expected to put increasing pressure on UK labour...

Economic and Brexit uncertainty expected to put increasing pressure on UK labour market

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Commenting on the labour market figures for November 2016, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

 

“While the latest figures confirm that the labour market remains a key source of strength for the UK economy, the slowing pace of job creation and the significant jump in the claimant count indicates a slight loss of momentum.

“The slowing economy and continued uncertainty over Brexit, which is dampening firm’s recruitment intentions, is likely to put increased pressure on UK employment levels over the next year.

“These subdued labour market and economic conditions are also expected to keep a lid on wage growth over the next year, despite higher than expected levels of inflation.

“The Chancellor must use next week’s Autumn Statement to support firms looking to recruit and invest in their workforce, including measures to boost investment and lower upfront business costs.”

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Andrew Mann
After 34 years working in numerous operational and communications disciplines for three FTSE companies (Yorkshire Electricity; Meggitt and BAE Systems), at over a dozen locations, on 24 November 2016, I became the inaugural editor of Business Lancashire. Business Lancashire is a good news, Lancashire focused, business website and daily newsletter. It is a partnership between The Samuel James Group and the North and Western Lancashire Chamber of Commerce. Over the years, I have written hundreds of press releases, features for trade magazines, copy for websites and brochures, edited in-house magazines and newsletters, as well as presenting a radio programme on Chorley FM. This experience has given me the ideal background for editing Business Lancashire.

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