ICAEW Chief Economist Thiru Issues Statement on UK Labour Market Figures
May 19, 2026
May 19, 2026
LONDON, England, May 19 -- The Institute of Chartered Accountants in England and Wales issued the following statement by chief economist Suren Thiru on the UK labour market figures:
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"These figures signal a growing distress within the UK's labour market as soaring labour costs and the fallout from the Iran war drive more businesses to reduce recruitment and limit pay awards.
"The continued fall in job vacancies is a worrying sign of the . . .
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"These figures signal a growing distress within the UK's labour market as soaring labour costs and the fallout from the Iran war drive more businesses to reduce recruitment and limit pay awards.
"The continued fall in job vacancies is a worrying sign of the . . .