Confidence among UK firms up

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LONDON- British employers are their most confident about the economy in almost five years, helped by the lifting of coronavirus restrictions, a survey showed on Wednesday, but the lack of staff to fill jobs is a growing problem.

The Recruitment & Employment Confederation’s measure of business confidence surged by 21 percentage points to a net reading of +11.

That was the highest level since July 2016, shortly after Britain voted to leave the European Union, and the first time the index was in positive territory since 2018.

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“This surge in employers’ confidence in the UK economy is remarkable,” Neil Carberry, REC chief executive, said.

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