Daily Archive: July 2, 2017

Jul
02

Skills shortage costs British businesses £2bn a year, survey finds

Open University says firms pay extra for recruitment, temps and inflating salaries and advises them to train their staff

Skills shortages in Britain are costing businesses more than £2bn a year in higher salaries, recruitment costs and temporary staffing bills, according to research by the Open University.

Its survey of 400 firms found 90% had faced difficulties recruiting workers with the required skills in the last 12 months. The findings will add to concerns that employers are already struggling to fill key jobs even before a potential clampdown on immigration once Britain leaves the EU.

Related: Almost half of highly skilled EU workers ‘could leave UK within five years’

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Jul
02

Daily briefing: Business Brexit blues, South China Sea tensions, the mountain runner

City delegation heads to Brussels with secret blueprint for a free-trade deal

Jul
02

China was the real victor of Asia’s financial crisis

Even now, Beijing embraces international capital only on its own terms

Jul
02

G20 economies buck Trump’s protectionist trade tone

Report finds America’s peer group has imposed fewer barriers to commerce

Jul
02

Macau casino revenue rises less than expected in June

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