Half of businesses struggling to recruit because of skills gap, survey finds
Half of businesses are struggling to recruit new staff, a survey has found. Out of the employers surveyed a skills gap was a main concern.
With revenue stalling, businesses are unable to increase every employee’s wage as an incentive to stay.
Experts say the government must do more to encourage firms to invest in training.
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Businesses call for £12bn tax hike to be scrapped
Businesses are pushing Government to drop a tax hike from April and instead, give them more emergency financial support to help them survive Omicron, which is currently sweeping Britain.
Chancellor Rishi Sunak however, is set to increase business taxes in April 2022, which may cause problems for already fragile, recovering businesses.
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Interest rates rise for first time in three years
In response to calls to tackle surging price rises, the Bank of England has raised interest rates for the first time in more than three years.
The increase to 0.25% from 0.1% followed data this week that showed prices climbing at the fastest pace for 10 years.
Currently inflation is running at 5.1%, this could rise in the next few months to 6%.
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