Worker shortages become reality as UK faces skills crunch

© Ryan Tang

With the UK economy growing at a record pace, it’s becoming increasingly difficult for companies to find skilled workers in sectors from construction to IT. This has been especially evident with a large national shortfall of hauliers and experienced lorry drivers. With the estimated 100,000 empty vacancies for HGV drivers, businesses have reported difficulties in getting supplies delivered.

Exacerbated by COVID, the ‘pingdemic’ coupled with new red tape for UK-EU travel has added additional pressure on companies to find staff. With a significant backlog in terms of approving new drivers with driving licences coupled with record demand for products, retail in particular has been affected.

Other sectors including food & drink are also finding it difficult to recruit seasonal staff as the British staycation summer leads to higher demand, and with no end in sight on global travel restrictions, staff shortages could continue well until the end of the year.

However, the news was not all bad, as the growing momentum for the economy has led to a rapid fall in unemployment. This is set to help Britain emerge from the worst recession since WW2, and provide a much needed rebound to bring industries back after long periods of inactivity.

While challenges remain for companies to find workers, workers have started to benefit from increased wages, leading to above inflation salary increases.

As Britain recovers from the pandemic, there is optimism that the short term shortages can be overcome, with new visa schemes and potentially faster government backed programmes to assist with staff training.

Source: The Britonian

The Britonian

The latest news from The Britonian.

Share
Published by

Latest news

Biden Announces Historic $7 Billion Investment on Earth Day 2024

President Biden is set to make a significant announcement today as he travels to Prince…

April 22, 2024, 5:48 pm, BST

Fed may hold interest rates for longer than anyone expected

The Federal Reserve's plans to lower interest rates this year could be put on hold…

April 5, 2024, 11:12 am, BST

Oil Prices Jump on Ukraine Strikes, Simmering Middle East Tensions

Oil prices continued to climb Thursday, erasing earlier losses and settling at their highest point…

April 4, 2024, 11:56 pm, BST

Germany and the UK could remake the Brexit trade deal with the EU

Germany’s finance minister recently reached out to the UK to discuss a closer trading relationship…

October 25, 2023, 1:15 pm, BST

Britain resilient despite high interest rates and stagnant global growth

Britain’s resilience to economic shocks has surprised many over the past year including the IMF.

October 25, 2023, 11:20 am, BST

US, UK, France, Germany tell citizens to leave Lebanon immediately

An increasing number of countries this week have urged citizens to leave Lebanon.

October 20, 2023, 1:08 pm, BST