Employer Confidence is Growing in Britain Owing to Brexit Delay
Arslan Butt • 1 min read
According to the REC’s JobsOutlook survey, British employers have higher confidence about their hiring and investing decisions on account of Brexit getting delayed to October 31. Employer confidence rose by 4% to touch +1, reaching positive territory and indicating an upbeat outlook.
REC had surveyed 610 employers between March 1 and May 28 for May 2019 edition of the survey, which also reveals that hiring plans for temporary agency workers have also registered a rise. Confidence in the British economy has grown to -26, but continues to remain negative.
However, tensions about the prospects of a no-deal Brexit continue to weigh on the economy. According to Chief Executive at REC, Neil Carberry, “Resolving this will require cool heads through the summer and autumn, so that companies can rely on a smooth and stable new relationship with the EU – not the chaos of a no-deal exit.”