Top Stories
UK building firms face worst recruitment problems, survey shows
Published by Uma Rajagopal
Posted on July 16, 2024
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Uma Rajagopal
Posted on July 16, 2024
LONDON (Reuters) – Construction and engineering firms are bearing the brunt of Britain’s shortage of workers, according to a survey that underscores the challenge for Prime Minister Keir Starmer to meet his plans to boost home-building and infrastructure.
The British Chambers of Commerce’s (BCC) quarterly recruitment survey showed 82% of construction and engineering businesses reported recruitment difficulties, up from 69% in the first three months of this year.
The problem – which is not unique to Britain – was almost as severe in other sectors with nearly 80% of transport and logistics firms and production and manufacturing companies facing similar problems, all up from early 2024.
“It’s alarming that recruitment difficulties have increased in recent months across all sectors,” said Jane Gratton, the BCC’s public policy director. “The very sharp rise in the construction industry is particularly worrying.”
Starmer has promised to increase house building and infrastructure investment by clearing away obstacles in Britain’s planning system. However, he has also promised to bring down net migration despite warnings from some business leaders that such a move will compound hiring problems.
The BCC survey was based on responses from 4,761 firms – 91% of them small and medium-sized businesses – received between May 13 and June 10.
(Writing by William Schomberg; Editing by Sachin Ravikumar)