Your monthly update on the latest policy developments and what they mean for your business.
As we head into the Autumn, three big issues will shape the UK’s economic recovery in the months to come.
Government and business must collaborate to tackle labour shortages
First up, let me bust a couple myths about labour shortages, one of the biggest issues at the front of employers’ minds. Myth number one, labour shortages is a short-term issue that will resolve itself. No. In fact, labour supply issues could continue for the next two years.
Myth number two, labour shortages only affect a few isolated parts of the economy. Once again, no. While the impact on HGV drivers is one of the most prominent talking points surrounding this issue, there are huge ramifications for supply chains across the economy. Hotels are running low occupancy rates because they can’t get their linen laundered in time. Restaurants are left with minimal opening options, faced with either supplying cover for lunchtime or the evening.
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