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UK firms hiring at fastest rate since 1998

UK businesses are hiring at fastest rate for over 16 years

Leading accounting firm BDO has suggested that its job index for July which measures hiring plans for the coming three months was at the highest level since 1998.

The report has seen a large increase in firms looking to hire new staff. An increase in the rate of new jobs that are being created is expected to last for the rest of the year.

Another index report from BDO which measures businesses expectations over the next 6 months was at the highest level for more than one year. This is testament to the UK`s economic growth and increase in consumer confidence.

The increased optimism will only have a positive real outcome on the UK economy and employment figures, which is great news for Britain as a whole.
However increase employment can lead to a shortage of skilled workers and it is thought Europe will help fill gaps in the employment market.

If you enjoyed this business and economy article you can read more on our informative business blog.

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