Brexit Staff Shortages Drive Starting Salaries Higher, REC Says

Recruiters struggling to fill vacancies as migration falls
Financial sector, restaurants facing labor shortages

A barista prepares a coffee inside a branch of food retailer Pret a Manger Ltd. in London, U.K., on Monday, March 27, 2017. Food chain Pret a Manger said it's concerned about Brexit because just one in 50 applicants seeking jobs is British.
Photographer: Luke MacGregor/Bloomberg

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By Jill Ward

October 6, 2017 at 12:01 AM UTC

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A Brexit-driven decline in the availability of staff and surging demand for workers are pushing up starting salaries, according to Markit and the Recruitment and Employment Confederation.