Timothy Adler writes for SmallBusiness.co.uk that over one third of businesses in the UK say they are struggling to fill vacant jobs, according to the country’s Office for National Statistics.
Right now there are 1.3m job vacancies in the UK – the highest number since comparable figures began being recorded in 2001. That is a 62 per cent increase in job vacancies since the pandemic.
Following Brext, there are now the same number of job vacancies in the UK as there are unemployed people, only the second time in history that this has ever happened.
As a result, the UK is set for the slowest growth out of the G7 world’s richest nations, according to the IMF, expected to be just 0.5 per cent in 2023 compared with the 2.3 per cent previously forecast only in April.
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