Economics
U.K. Hiring Problems Are Widening as EU Workers Stay Away
- Bank of England highlights issue of fewer foreign workers
- Report may fuel concern about Brexit’s impact on economy
Photographer: Chris Ratcliffe/Bloomberg
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The Bank of England cited the loss of European Union workers as it warned that British companies are facing a mounting labor shortage.
“Recruitment difficulties had broadened across skills and sectors, which was reported to be partly due to reduced availability of EU migrant workers,” business contacts told the BOE last month, according to a summary published Wednesday.