The Confederation of British Industry (CBI) in its recent survey has stated that 76% of the total firms in the UK have said that access to labour was a crucial factor, which is jeopardising the UK’s competitiveness as a place to employ people. The trend is for present as well as for the next five years. This has been the highest percentage recorded since this question was first asked in 2016. British businesses believe that the current staff shortages can pose as a huge danger for the UK’s labour market competitiveness. Based on this, CBI has reached out to the UK Government and has requested for more support for businesses to fill the void as soon as possible. Nevertheless, the survey has disclosed that the job outlook of the UK is getting stronger by the day, with a net balance of 50% of the firms anticipating increasing their workforce in the coming year. Around 87% of the 422 respondents, surveyed between 16 and 31 August 2021, said that they intend to recruit permanent roles this year, along with around 50% anticipating increased hiring levels. Read in detail: 5 LSE Penny Stocks