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BBCNEWS World Business Report January 13, 2022 05:41:00

Here in the uk. good morning neal and it is good to see you. this is an issue in the uk, the fact that there is a shortage of those available to work, wages are going up and it is an issue in the us and other countries as well, isn t it? it the us and other countries as well, isn t it? well, isn t it? it is a general trend we well, isn t it? it is a general trend we have well, isn t it? it is a general trend we have seen - well, isn t it? it is a general trend we have seen across i well, isn t it? it is a general. trend we have seen across the western economies as we have opened up. companies moved back into the market heavily to hire into the market heavily to hire in the early autumn and we had record setting market growth numbers and temporaryjobs here in the uk and then we saw the similar, from our equivalents around the world. the rate of growth has slowed a little because you cannot grow at a record rate forever but demand is still very high and much of thatis is still very ....

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BBCNEWS World Business Report January 13, 2022 05:43:00

The end of the year quite a lot of companies thinking about, well, well what is a workforce plan for the next 23 or four years because the rising costs are not going away. bud years because the rising costs are not going away. and which sectors in are not going away. and which sectors in particular are not going away. and which sectors in particular are - sectors in particular are struggling to recruit at the moment? where is the talent missing? in the run up to christmas it was all about hgv drivers. ~ ., ., ., drivers. where are we are now? the report drivers. where are we are now? the report today drivers. where are we are now? the report today shows - drivers. where are we are now? the report today shows amount | the report today shows amount growing in every sector of the economy so the difference is only going up a bit to going up a lot. higher labour intensity sectors, hospitality was very in demand in december and of course england kept its restaurant and hospitality ve ....

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BBCNEWS World Business Report January 13, 2022 05:42:00

Workers stay in education a little longer as we go through the pandemic there is less global mobility and all these things are contributing to this. .., things are contributing to this. .. ., this. and the trend will can to new. it this. and the trend will can to new- it is this. and the trend will can to new. it is assumed this. and the trend will can to new. it is assumed that - new. it is assumed that starting salaries will go up and up in the short term at least? ., , ., 4 least? companies need to think hard about least? companies need to think hard about this least? companies need to think hard about this and least? companies need to think hard about this and it least? companies need to think hard about this and it is - hard about this and it is interesting. you identified you cannot keep raising stock and salaries by without doing something for the rest of your workforce such as settlements, the annual pay rise, and there is a lot of pressure on companies to r ....

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BBCNEWS World Business Report January 13, 2022 05:31:00

Agreement between the two countries. britain has made a trade deal with fast growing india one of its top post brexit priorities. it wants more market access for british products which currently face import tariffs of up to 150%. in return india wants more opportunities for its people to live and work in the uk. let s speak to our india correspondent nikhil inamdar. he s in the city of miraj in maharashtra. good to have you on the programme. let s start with these talks that are very important. how are they likely to go? this is the official beginning of the india uk fta and there is a lot on the agenda. the two sides will discuss things such as free trade as well as reducing tariff barriers and giving each other s economies more market ....

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BBCNEWS World Business Report January 13, 2022 05:35:00

Let s move to the us now where the cost of living continues to soar. consumer prices rose in december at their fastest rate in four decades, pushing the annual inflation rate to 7%. the latest figures pile pressure on the us central bank the federal reserve to start raising interest rates soon as michelle fleury reports from new york. a7% a 7% increase in prices is breathtaking. you have to understand that americans have not experienced anything like that sincejune 1982 not experienced anything like that since june 1982 was not beef prices are up 18%, exit 11% and it is notjust food. everything people by from housing to furniture is more expensive. even when you exclude the cost of food and petrol which tends to fluctuate a lot we are still talking about a 5.5% increase year over year. that is the fastest pace of core inflation since 1991. and the omicron variant is putting even more stress on the ....

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