• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

UK starting pay jumps by most on record as staff shortages bite – survey

October 8, 2021 by David Barret Leave a Comment

October 8, 2021

LONDON (Reuters) – British employers increased pay for new staff by the most since at least the 1990s, according to a survey that will be studied by the Bank of England as it tries to assess how persistent the recent jump in inflation might be.

The Recruitment and Employment Confederation said firms were still seeking to hire in September but staff availability fell sharply again, pushing up starting salaries for permanent and temporary workers by the most in the survey’s 24-year history.

REC Chief Executive Neil Carberry said competition for staff was widespread, from food processing and logistics – including the acute shortage of truck drivers which led to Britain’s recent fuel supply crisis – to office-based jobs.

“We have all seen how labour shortages have affected our everyday lives over the past few weeks, whether that’s an empty petrol station or fewer goods on supermarket shelves,” he said.

Carberry urged the government to do more to encourage business investment, relax post-Brexit immigration rules, avoid barriers to international trade and improve skills training.

The BoE has said there is a growing case for its first interest rate increase since the coronavirus pandemic struck last year with inflation expected to top 4%. It is watching measures of pay growth carefully as it gauges whether the rise in inflation prove to be transitory as it has predicted.

(Writing by William Schomberg, editing by Andy Bruce)

Source Link UK starting pay jumps by most on record as staff shortages bite – survey

David Barret
David Barret

Related posts:

  1. UK card spending slips to 93% of pre-COVID level – ONS
  2. Fitch says possible China Evergrande default may have broader effects
  3. Mastercard taps into buy now, pay later market with latest offering
  4. Ring debuts ‘Virtual Security Guard,’ new Pro alarm system and smarter motion alerts including package delivery

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Saturn And Neptune Will Reach Their Brightest In Days – And Look For Saturn’s Temporary Beauty Spot
  • Reindeer Bring A Gift Greater Than Any Of Santa’s – Hope Of A Stable Climate
  • If Deep-Sea Pressure Can Crush A Human Body, How Do Deep-Sea Creatures Not Implode?
  • Meet Ned: The Lonely Lefty Snail Looking For Love
  • “America Will Lead The Next Giant Leap”: NASA Announces New Milestone In Hunt For Exoplanets
  • What Did Neanderthals Sound Like?
  • One Star System Could Soon Dazzle Us Twice With Nova And Supernova Explosions
  • Unethical Experiments: When Scientists Really Should Have Stopped What They Were Doing Immediately
  • The First Humans Were Hunted By Leopards And Weren’t The Apex Predators We Thought They Were
  • Earth’s Passage Through The Galaxy Might Be Written In Its Rocks
  • What Is An Einstein Cross – And Why Is The Latest One Such A Unique Find?
  • If We Found Life On Mars, What Would That Mean For The Fermi Paradox And The Great Filter?
  • The Longest Living Mammals Are Giants That Live Up To 200 Years In The Icy Arctic
  • Entirely New Virus Detected In Bat Urine, And It’s Only The 4th Of Its Kind Ever Isolated
  • The First Ever Full Asteroid History: From Its Doomed Discovery To Collecting Its Meteorites
  • World’s Oldest Pachycephalosaur Fossil Pushes Back These Dinosaurs’ Emergence By 15 Million Years
  • The Hole In The Ozone Layer Is Healing And On Track For Full Recovery In The 21st Century, Thanks To Science
  • First Sweet Potato Genome Reveals They’re Hybrids With A Puzzling Past And 6 Sets Of Chromosomes
  • Why Is The Top Of Canada So Sparsely Populated? Meet The “Canadian Shield”
  • Humans Are In The Middle Of “A Great Evolutionary Transition”, New Paper Claims
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version