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UK

‘Buoyant’ Britain hits employment BOOM in MAJOR Brexit boost, report claims

‘Buoyant’ Britain hits employment BOOM in MAJOR Brexit boost, report claims
Newsexplored
6th February 2017
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GETTY

UK manufacturing jobs market has experienced a boom during Brexit era

According to a study by Reed, the employment agency, manufacturing jobs have increased by almost a quarter in the past year.

In particular; construction, engineering and retail sectors have experienced strong employment growth.

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James Reed, chairman of reed.co.uk, said: "There's a lot of uncertainty in world politics at the moment, but our data shows that in spite of everything, the UK jobs market remains buoyant.

"Manufacturing is key to prosperity and as such is a vital part of any economy and that is why these figures are so encouraging.

"This is not a one-off either. The sector has been going in the right direction for some months now, which is reassuring news."

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Job vacancies have increased in all regions of the UK, the study expressed, but growth in Northern Ireland and Wales has been particularly strong.

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Towards the end of January, Theresa May outlined her industrial strategy which included plans to put British companies at the front of the queue for receiving Government contracts in a bid to reduce regional inequality.

But John Mills, a Labour donor and founder of the JML retail group said her plan would not boost manufacturing or stimulate businesses outside of London.

Mr Mills said: “We’ve had plenty of them [industrial strategies] since the war, the problem is they all focused on the supply side, like education, training, planning permission… and ignored the demand side.

British car manufacturers experienced a boomGETTY


British car manufacturers experienced a boom

“Without the demand side, it will never work, you need to ensure you have people and places to actually sell to.”

Although a different survey channeled the flush of optimism across the market as results of the latest Confederation of British Industry survey showed production among British car-makers had hit a 17-year high last year, and is on track to reach an all-time record within the next three years.

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6th February 2017
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