Reacting to the publication, today, of the latest UK jobs figures, which have seen unemployment levels rise by 7,000, Bernard Brown, partner and head of business consulting at KPMG Management Consulting, says:
“For six months the jobs figures defied logic, but the bubble of optimism that they created has now burst. With High Street store closures never far from recent headlines and fears about a triple-dip recession gaining traction every day, the rise in the number of people looking for work is unsurprising - but still disappointing - news. Yet, with almost 30 million people in employment the hope must be that today’s figures are little more than a short-term blip.
“Coming ahead of the Budget the latest data is, in reality, a sign that employers are nervous about their cash flow and their ability to grow and plan for the future. For many employers the Chancellor’s speech will be even more pivotal now, as it will set the parameters for their future ability to recruit and retain staff. Many will be hoping to see an agenda for growth, allowing them to make capital investments and plan not just for tomorrow or next month, but for the next few years.”
Mike Petrook, KPMG Press Office
020 7311 5271 (t), 07917 384 576 (m) or firstname.lastname@example.org
Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff. The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.