Tight labour market is main threat to UK firms, business chiefs warn

Some 69 per cent of chief executives said the availability of talent and skills was the most pressing threat facing their firm over the next 12-18 months, ahead of geopolitical instability and recessionary fears, according to a survey from leadership advisory firm Russell Reynolds. 

The findings come after the number of job vacancies rose to a new record of 1.3m in the period between March and May, an increase of 20,000 from the previous quarter and an jump of 503,900 from the pre-pandemic level in January to March 2020.

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