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Employers have “applied the brakes” on hiring amid Labor pessimism and fears over workers’ rights plans.
New investigation shows bosses delayed hiring in September due to unclear government policy.
It is ahead of this month’s budget and plans to reorganize labor legislation.
An index that tracks permanent job placements recorded a new drop last month.
The KPMG and REC survey returned a reading of 44.9. A figure below 50 indicates that hiring numbers have fallen.
Applying the brakes: New investigation shows bosses delayed hiring in September due to unclear government policy
An independent employment index from accounting firm BDO recorded its lowest level since January 2013.
Neil Carberry, REC chief executive, said: “This is a picture of a labor market waiting for a signal…confidence is not yet high enough to press the button.”
KPMG UK chief executive Jon Holt said the slowdown was “to be expected as firms slow hiring ahead of the budget and wait for clarity on tax, business and economic policy”.
BDO’s Kaley Crossthwaite said: “Businesses are looking for a clear roadmap.”
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