Permanent employment in the UK suffering its worst fall after brexit – Telesur TV

During the month of July permanent jobs in the UK have suffered their worst decline since the financial crisis of 2008-2009, this product’s recent decision to activate the nation brexit and withdraw from the bloc formed by the European Union.

After the June 23 triumph in referendum “YES” to exit UK out of the regional bloc, the number of fixed contracts has declined at a faster rate than did in 2009 when the country was in full international financial crisis, after the US bank Lehman Brothers went bankrupt, so said a report from the Recruitment and Employment Confederation (REC, its acronym in English).

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Kevin Green, chief executive of the REC, there is no doubt that the current situation is attributed “to the economic turmoil caused by the Brexit “. Green said the companies are now far more focused on hiring employees in the short term because they do not know what will happen with the national economic future now will not have the benefits of belonging to the regional bloc.

The study of the REC He explained that the worst scenario in this area is to London, where temporary employment posted its biggest drop in more than seven years.

However, although Green the labor market is issuing “alarming signs” is inappropriate to draw conclusions from the data obtained in a single month of study: “The reality is we do not know yet what the consequences will be the result of the referendum on British employment, “he said.

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context

The three main sectors of the British economy (services, industry and construction) have suffered during the month July, after the victory of Brexit a severe setback, so analysts are increasingly possible r ecesión economic in the European country .

“Although it is too early, the monthly decline in all sectors raises the chances that the British economy has a mild recession,” said the head of Markit economist Chris Williamson. The firm also predicts that British gross domestic product (GDP) was 0.4 percent shrink in the third quarter, a pace not seen since 2009.

The Bank England, meanwhile, announced Thursday that it will cut the benchmark interest rate British 25 basis points to stand at 0.25 percent. But also launch a new stimulus package to revive the domestic economic activity and ensure that banks continue to provide credit after the rate cut. However, he ruled the country into recession during the third quarter of 2016.