Can hybrid working survive a rise in unemployment in 2024?

Abstract

2024 is upon us and talks of an early election are intensifying. For many working people, what will happen to the economy is crucial- we have seen cuts in banking staff, not just the high level investment bankers but also in other more lowly paid staff with the closure of some 1,100 bank branches since May 2022 and more planned for next year. Other sectors are also being affected. And despite a large number of vacancies still advertised, the overall vacancy numbers are gradually declining . Surveys from Chambers of Commerce, though still reporting staff shortages in many areas, show a consistent weakening in private firms’ recruitment intentions