Posted by AdviserDirect on 08/09/2019

UK employment slows ahead of Brexit finale

UK employment slows ahead of Brexit finale

As the Brexit process seemingly enters its final act, with the delayed deadline of October 31st looming large, the outlook for UK employment has fallen to its lowest in more than a year. According to research from BDO, hiring intentions of UK businesses have slumped for the second consecutive month after six years of sustained growth.

With the Brexit process having stalled, confidence in the UK economy sits at a low-point. Recent studies of both large and small businesses have found that British capital is facing a turbulent 12 months. As a No Deal scenario once again looms in October, the country is said to be on the brink of a recession. 

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