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Business confidence returns to positive territory for first time in three years

June 23, 2021, 12:05 am Business optimism is in positive territory for the first time in three years, according to a survey. (Tim Goode / PA) Business confidence in the UK economy has turned positive for the first time since June 2018, according to new data. The latest Recruitment & Employment Confederation (REC) Jobs Outlook survey found that employers are increasingly optimistic about the economic outlook as pandemic restrictions have eased. In the three months to May, confidence has jumped by 21 percentage points to net positive score of 11, the first positive reading in three years and hitting its highest level in nearly five. The survey’s respondents also recorded a positive score when asked if they were confident in making hiring and investment decisions, at 29 points – the highest level since March 2016.

Confidence among UK employers hits five-year high - REC

Reuters 2 minute read The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. REUTERS/Henry Nicholls/File Photo LONDON, June 23 (Reuters) - British employers are their most confident about the economy in almost five years, helped by the lifting of coronavirus restrictions, a survey showed on Wednesday, but the lack of staff to fill jobs is a growing problem. The Recruitment & Employment Confederation s measure of business confidence surged by 21 percentage points to a net reading of +11. That was the highest level since July 2016, shortly after Britain voted to leave the European Union, and the first time the index was in positive territory since 2018.

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