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Confederation of British Industry warns staff shortages may stoke inflation

By   /  September 20, 2021  /  Comments Off on Confederation of British Industry warns staff shortages may stoke inflation

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Confederation of British Industry warns staff shortages dragging down UK’s attractiveness as place to hire workers – and could lead to soaring prices

  • The CBI said 76 per cent of firms had reported access to staff as a threat to the UK’s competitiveness, the highest proportion since the annual survey began
  • As employers are having to boost starting salaries to lure workers, the CBI cautioned that prices could rocket for consumers
  • As Covid restrictions have eased, firms have struggled to recruit staff, with around 400,000 older workers thought to have taken early retirement after re-evaluatuing their life 




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