British employers' hiring plans have risen from an 18-month low, a survey s...
LONDON - British employers’ hiring plans have risen from an 18-month low, a survey showed on Monday, contrasting with other less upbeat signs from the labor market that prompted two Bank of England policymakers to call for a cut in interest rates last week.
“Despite the political uncertainty, employers have held their nerve and adopted a ‘business as usual’ approach to their hiring needs,” CIPD economist Jon Boys said. However official data has shown a fall in the number of people in work recently and economists polled by Reuters expect third-quarter data this week will show the biggest decline in eight years.An aggregate of business sentiment surveys calculated by accountancy firm BDO and published on Monday sank to its lowest since March 2012 in October.
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