Quilter: Falling UK vacancies highlight hiring challenges ahead of Budget

• Quilter's October 20, 2026, analysis pointed to tentative UK labor-market stabilization, but warned that the recovery remains fragile ahead of the Budget.
• Vacancies fell by 21,000 to 691,000 in July-September, with smaller businesses reporting that higher labor costs may be restraining recruitment.
• Early September estimates showed payroll employment down 66,000 year over year but up 13,000 from August.
• Unemployment fell to 4.7% in the three months to August; regular pay growth stood at 3.7% over the same period.
• Moderating wage growth was unlikely to enable rate cuts, leaving the Bank of England balancing employment weakness against inflation risks before November's decision.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quilter plc published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.