• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics

New labour figures show PM is a ‘card-carrying member of her anti-growth coalition’

A whopping three-quarters of UK businesses have been struck by labour shortages, a damning new survey has found.

Jack Peat by Jack Peat
2022-10-11 10:26
in Business and Economics
FacebookTwitterLinkedinEmailWhatsapp

Businesses hit by labour shortages have urged the Government to relax immigration policies to help temporarily fill roles, a new survey has found.

Three-quarters of businesses said they have experienced difficulties filling vacancies and a shortage of workers, according to the Confederation of British Industry’s (CBI) employment trends survey with recruitment agency Pertemps Network Group, conducted in August.

This has had a knock-on effect on firms’ operations with nearly half admitting they have been unable to meet output demands as a result.

And more than a third of businesses affected by a slimmer workforce said they have had to reduce or make changes to the products or services they offer.

Relaxed immigration rules

To help ease labour shortages, 46 per cent of businesses surveyed called for the Government to introduce incentives to help them invest in technology to boost productivity.

Other firms thought that revisiting immigration policies could be the answer, with 44 per cent wanting the Government to grant temporary visas for roles that are in obvious shortage.

Last month, Prime Minister Liz Truss promised to tackle labour shortages with immigration rules set to be relaxed as part of the plan to boost business growth.

Matthew Percival, CBI director for skills and inclusion said: “It is crystal clear that labour market shortages are having a material impact on firms’ ability to operate at full capacity, let alone grow.

“To go for growth and build a higher-wage economy we will need to ease shortages to create the conditions for higher investment.

RelatedPosts

Brexit ‘costing UK economy £100bn a year’, Telegraph says

UK economy set to slam into reverse in 2023 as outlook improves for other G7 nations

BBC reporting ‘not politically biased’, but ‘strongly led by Westminster narrative’

Britishvolt closure a ‘monument to global Britain’s empty hype’

“That means helping more British workers to overcome barriers into the workplace, like a lack of affordable childcare, and taking a pragmatic approach to immigration.”

The findings come as business output fell to its lowest level since February 2021 in September, according to a separate report this week from accountancy and business advisory firm, BDO.

A slump in output shows that companies are struggling to meet demand for production as they battle against staff shortages as well as soaring inflation, BDO said.

Not only has this driven up the cost of materials, but it has put increased pressure on many employers to raise salaries for staff who are facing higher living costs.

CBI and Pertemps’ survey also revealed that businesses are skeptical about the UK’s labour market competitiveness.

Nearly three-quarters of firms surveyed thought the UK has become a less attractive place to invest or do business over the last five years.

“Card-carrying member”

Layla Moran, Lib Dem MP and member of the UK Trade and Business Commission said,

“These findings clearly show that the Prime Minister is herself a card carrying member of her ‘anti-growth coalition’ with the majority of businesses hobbled by her economically illiterate agenda.

“Immigration is good for the economy and society, and by pandering to nativism, Truss will continue to stifle growth particularly in the hospitality and farming sectors.”

Related: Elevenses: The Art Of Reading The Room

Content Protection by DMCA.com
Tags: headline

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Elevenses: Money 1-0 People

Lucky Numbers and Horoscopes for today, 5 December 2021

People with early stage pancreatic cancer ‘could be identified by examining their tongue’

Mass Shootings Are Not The Price Of Freedom

Beer of the Week: Verdant Brewing Co. Home From Home IPA

Koalas now endangered across much of Australia’s east coast

Watch – Basking shark leaping out of the water off the Irish coast

Beer of the Week: Borough Market Earl Grey Saison

‘I encourage you to dream’ Man Utd star Marcus Rashford’s letter to 10-year-old self

Eustice appeals for fruit pickers as Patel says “we’re ending free movement”

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.