The Bank of England cited the loss of European Union workers as it warned that British companies are facing a mounting labor shortage.“Recruitment difficulties had broadened across skills and sectors, which was reported to be partly due to reduced availability of EU migrant workers,” business contacts told the BOE last month, according to a summary published Wednesday.
The comments are almost certain to fuel concerns about the effect Brexit is having on sectors such as hospitality and food manufacturing that rely heavily on EU workers. Data published Tuesday showed the number of EU nationals working in the U.K. fell in the first quarter for the first time since 2010.
The number of eastern Europeans working in the U.K. has fallen sharply over the past year. The loss was entirely due to a record 91,000 drop in employment among people from the eight eastern countries including Poland, Hungary and Slovakia that joined the bloc in 2004.
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Source: www.bloomberg.com
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