More than 41% of UK companies will increase their workforce in 2017

Science and technology industry in UK will hire large number of new employees, which is another vote of confidence in the economy after the vote for Brexit. according to survey of the Confederation of British Industry (CBI). It is expected the private sector to hire more employees in the next 12 months and more than 41% of companies will increase their workforce in 2017. However, 13% believe that wages will decrease.

The study involved 353 large and small companies, employing 1.2 million people. The pace of creation of new jobs will likely be highest in science, IT sector and construction sectors.

For the sixth consecutive year, companies that expect to increase their workforce are over 20%, indicate the survey. The data are directly contrary to the warnings of the British Treasury for losing half a million jobs after Brexit, as well as the forecasts of the Confederation that leaving the EU could cost the country 950,000 jobs by 2020.

Josh Hardy, who is the deputy director of the CBI, identified the lack of access to highly skilled migrant, as one of the biggest concerns in the future, if the UK decided to limit migration from other European countries.

The study also showed that half of the companies surveyed believe that the United Kingdom will become less attractive country for investment and business development in the next five years.

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