City AM – Firms tell Hunt to fix job crisis
CityAM says London’s economy is being hamstrung by a chronic worker shortage that Chancellor Jeremy Hunt needs to tackle at the 15 March budget, a new report from Britain’s biggest business lobby groups highlighted today.
Nearly two in three of the capital’s firms are struggling to fill vacancies, according to research carried out by BusinessLDN, Federation of Small Businesses, Confederation of British Industry and the London Chambers of Commerce and Industry.
The report indicates the capital’s economy risks missing an opportunity to keep unemployment low while the UK tips into a recession.
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