Prime ministers
Hiring Freeze: Employers Cut Back on Recruitment Amid Rising Labour Costs and Tax Uncertainty
Gloomy business surveys have revealed a significant slowdown in recruitment activity, with hiring intentions stuck near a record post-pandemic low. The KPMG and Recruitment & Employment Confederation (Rec) survey found that permanent placements stood at 40 in July, marginally up from the previous month's two-year low of 39.