ondon starting salaries are rising at their fastest rate on record in the latest signal that the capital’s economy is roaring back to life.
Huge demand from employers combined with a severe shortage of skilled staff sent wages racing higher in January at their fastest rate in the 24-year history of a monthly survey published on Thursday.
Employers have been firmly in recruitment mode since the last lockdown ended last Spring and most restrictions were lifted in the summer.
The Plan B measures, including the work from home guidance in December and January, are increasingly looking like a short-term blip in London’s recovery rather than a major setback.
However, there are fears that the shortfall in skilled staff fuelled by Brexit and what has been termed “the Great Resignation” as people reassess their lives could hold back London’s bounce back.
The survey found that 59 per cent of London employers found that starting salaries increased during the month while 41 per cent saw no change. This is the highest reading for the index since it was first compiled in October…
