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UK small businesses scrap hiring plans in face of mounting economic uncertainty

The proportion of UK small businesses seeking to expand their headcounts has plummeted over the previous quarter, according to new figures from the Association of Chartered Certified Accountants (ACCA).

by | 2 Aug, 2022

Just 12 per cent of UK small and medium enterprises (SME’s) are currently looking recruit new staff, compared to 37 per cent in March, figures from ACCA’s monthly SME tracker survey show.

The drop come as just three quarters (75 per cent) of UK SMEs are currently seeking to grow their businesses, compared to 94 per cent in April, in the face of mounting concerns about the state of the UK economy.

Read more at City A.M.

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