UK Hiring Demand Plunges Amid Economic Gloom, Salaries and Job Vacancies Fall
• Demand for permanent hiring in UK has plunged amid economic uncertainty • Recruitment & Employment Confederation warns Bank of England of sharp drop in permanent staff appointments • Starting salary inflation fell to 32-month low as job vacancies declined for second time in 3 months • Employers limiting hiring and pushing ahead with redundancies due to sustained economic slowdown • Stricter migration rules could strengthen wage growth next year if hiring demand rebounds