UK Hiring at Historic Low | Bermuda News

UK businesses are stuck in a cautious hiring freeze, with new data showing the lowest hiring intentions since pre-pandemic times—just 11% of employers plan to add staff, while layoffs remain rare. A survey of over 2,000 firms reveals 57% still intend to hire, but that’s a post-pandemic low, and 31% struggle to fill roles. With pay raises frozen at 3%, the Bank of England watches closely as this stagnant labor market could influence their next move on interest rates. The CIPD is urging policy changes to ease recruitment pressures and support young job seekers. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4279578b26ee09cf