The KPMG and REC, UK Report on Jobs has noted a marked decrease in both permanent and temporary placements in London at the start of 2025, primarily driven by the challenging economic climate and recent government tax increases. Redundancies have led to a larger pool of available candidates, but only modest increases in wages were recorded. Anna Purchas from KPMG stated that while the recruitment landscape remains tough, easing inflation and interest rates may help revitalize hiring confidence among firms moving forward.
The KPMG and REC report highlights a significant decline in recruitment activity in London, influenced by economic factors and policy changes, particularly affecting permanent placements.
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