Norfolk Business Awards 2018

Employers’ confidence in the economy drops to lowest level since Brexit vote

PUBLISHED: 09:12 20 September 2017 | UPDATED: 09:12 20 September 2017

File photo of EU and UK flags. Photo: Stefan Rousseau/PA Wire

File photo of EU and UK flags. Photo: Stefan Rousseau/PA Wire

The UK’s political climate is not doing any favours for employers’ confidence in the economy, which has fallen to the lowest level since the EU referendum, according to a new report.

Research by the Recruitment and Employment Confederation (Rec) showed that a third of employers believed economic conditions were getting worse.

Almost two out of five of the 600 employers surveyed said they expected to be hit by a shortage of temporary agency workers to fill vacancies, especially in the construction industry.

Kevin Green, chief executive of Rec, said: “Employers are showing a great deal of resilience as they continue to hire despite a growing number losing faith in the direction the economy is heading.

“The political climate isn’t helping the situation. Businesses need clarity in order to plan effectively and so far the Brexit negotiations have not resolved any of the core issues.

“Employers are worried about how they will fill vacancies in the future. There are now just 1.9 unemployed people for every vacancy, and net migration from the EU is falling, which means the pool of people available to employers is shrinking.”

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy


The decline of the British pub has been headline news for years – but new figures suggest some entrepreneurial establishments are reversing the trend.

Summer is truly upon us, and East Anglia continues to bask in sunshine and high temperatures. But what does it mean for companies? With a trusty dictionary and a little poetic licence, our reporters have compiled a selective A to Z tour through the summer season in business.

Celebrating Success


Enjoy the
Celebrating Success
digital edition


Green 100


Enjoy the Green 100
digital edition


Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Business Most Read


Norfolk Future 50 EDP Business Awards Green 100