According to research by Barclays Bank “UK small and medium-sized businesses (SMEs) could hire as many as 3.5m people in the next three months”.
According to the Barclays Business Barometer, nearly three-in-five (57 per cent) reported revenue growth last quarter, marking the highest level in 18 months.
It says, many are turning to innovative “technology investments to increase productivity (45 per cent), as well as future-proof their company (44 per cent)”.
At the same time the ONS (Office for National Statistics) has reported that core inflation had dropped to 6.8% in July, down from 7% the previous month and 7.3% in May.
Staffing Industry Analysts, which researches recruitment trends, has also reported “Employer hiring confidence has grown in almost every sector across the UK, rising by 8% since last quarter to 29%, according to the latest ManpowerGroup Employment Outlook Survey for Q3.
This was particularly true in the communications sector but also in financials and real estate, it said.
Manpower’s real time vacancy data showed “vacancies are down on the year but up month on month throughout 2023.
Are you feeling more confident that the worst may be over after the last couple of difficult years?
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