British companies have scaled back sharply their hiring and investment plans ami...
FILE PHOTO: A pedestrian walks past an employment centre in London August 17, 2011. REUTERS/Suzanne Plunkett/File Photo
LONDON - British companies have scaled back sharply their hiring and investment plans amid the growing turmoil around Britain’s exit from the European Union, a survey showed on Wednesday. More firms were downbeat about the outlook for jobs and investment than were optimistic for the first time since the Recruitment and Employment Confederation began its surveys in June 2016, the month of the Brexit referendum.The REC report added to other surveys showing companies feeling the strain of Brexit uncertainty, even though employment growth has been strong.“For months, businesses have told us that they were concerned about the general outlook for the economy.
While more employers planned to increase rather than cut permanent staff, hiring intentions weakened sharply. For temporary staff, the survey showed outright cuts were likely.The REC survey of 600 employers took place between Dec. 11 and Feb. 21.
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