PwC research explained. “But the Eurozone economy has slowed recently and any escalation of international trade tensions could dampen global growth in 2019 and beyond.” Further friction” from, for example, president Donald Trump’s trade war on China is also placing jobs at risk.
The skills gap just won’t go awayMuch closer to home, UK companies are making it their mission to increase the number of higher-skilled roles. The clinch is that 66% fear the nation’s current lack of skills will make it impossible. That’s according to the 2018 CBI Education and Skills Annual Report, which?represents 28,000 businesses. When asked about the impact of the apprenticeship levy, the report highlighted a drop in the number of firms offering apprenticeship programmes (from 83% in 2017 to 70% in 2018). Worryingly, 59% of those firms that offer such programmes have experienced difficulty in recruiting apprentices or expect to do so in the next three years. And 26% have taken the decision to absorb the levy as an added cost of doing business. Business engagement with young people in education reduced from 81% in 2017 to 75% in 2018. ?Some 92% of businesses cited Brexit as impacting their ability to recruit and train staff in 2018,” said Matthew Fell, CBI chief UK policy director. “This means hospitals, schools and housebuilders are already struggling to get the staff they need. Banning workers from overseas earning less than £30,000 will only make this worse. Against the backdrop of Brexit economic assessments, implementing a restrictive approach to immigration would result in a double whammy for the UK economy. “Any new system must be based on evidence rather than politically driven targets. Most importantly, firms of all sizes and sectors will need ample time to adjust to what will be a seismic change.
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