Industry reacts as unemployment rises

Bradley Post, MD of RIFT, commented:

“The economic cracks are certainly starting to appear as the pressure of the current landscape continues to weigh heavily upon the nation.

Not only has inflation continued to rise causing interest rates to climb ever higher, but the average person has also seen a stagnant level of wage growth, which will do little to help negate the far higher cost of living seen at present.

Unemployment levels are also on the increase and while they remain some way away from their recent pandemic peak, we must hope that this isn’t merely the tip of the iceberg and a sign of further economic woes on the horizon.”