UK hiring intent declines since vote to leave EU

British employers’ willingness to hire and invest has fallen to its lowest since last year’s vote to leave the EU, a survey by the country’s recruitment industry showed yesterday.

The UK’s Recruitment and Employment Confederation said 29% of firms surveyed reported higher confidence in hiring and investment, but 20% were less confident than before. The positive margin was the narrowest since the REC started the survey in its current form in June 2016.

Employers’ confidence about the economy, in general, was the lowest since November.