UK Employers Boost New Worker Wages

Everyone across the UK has been affected by the staff shortages after the global pandemic. Now, competition for hires has brought on major pay increases, the most since the 1990s. The REC Chief Executive is urging the government in the UK to encourage business investment, avoid anything blocking international trade, improve skills training, and relax post-Brexit UK immigration laws. He said the entire country has seen either empty gas stations or less goods on the grocery store shelves. 

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A recent survey was just released and is being studied by the Bank of England to consider how perpetual the latest increase in inflation may last. The Recruitment and Employment Confederation said industries across the sectors are still in need of workers, but a shortage in hires has skyrocketed, which in turn challenges companies to pay more for permanent and temporary staff. 

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