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Latest figures have shown that there are currently more than 1.4 million active job postings that still need filling across the country.

The Recruitment and Employment Confederation (REC) and Lightcast’s latest Labour Market Tracker shows that vacancy levels remain high.

According to the report, this not only suggests that demand is not slowing (despite a sluggish economy), but that many firms haven’t been able to take on enough staff to maximise revenue this Christmas.

REC Chief Executive Neil Carberry, commented on the findings, “While the jobs market has slowed across 2023, today’s data emphasises again that activity levels on hiring are still high by historical standards. In particular, the slower economy this year has not reduced hiring as much as it would have in previous cycles due to low labour supply and skills shortages.

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“This is a particular challenge for sectors that have been struggling to hire, from hospitality and engineering to health and social care. Today, we report on a combined near 70,000 vacancies for health and care workers as the NHS braces for a peak winter period.

“Christmas is a time when many businesses make enough to keep them going for a large chunk of the new year. And although we have seen a rise in confidence among employers to invest and hire, that has not yet fed through into getting the tills ringing.

“This challenge is a worked example of the real risk of politicians not putting growth top of their Christmas list – without the right people, the economy is constrained, taxes remain high and public spending is lower, and we generate more inflation domestically.

“If politicians really want to wish business a happy New Year, they will put skills reform, a more sensible debate on immigration for work and its impact on growth, and an industrial strategy under the tree this Christmas.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £125 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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