- The income per person in Britain’s most affluent areas, such as Kensington & Chelsea, was 350% higher than in the poorest region, such as Nottingham.
- Gaps in employment and income have narrowed as the gap between the lowest and highest employment areas falling by nearly a fifth since 2000.
- The UK government is planning to close the glaring economic gaps in different regions, but it may result in an increase in overall costs.
The UK economy is at significant risk of recession with new research revealing that the income gap and economic inequalities are due to the tightest cost of living squeeze since the 1970s.
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The income per person in most affluent areas, such as Kensington & Chelsea, was 350% higher than in the poorest region, such as Nottingham, according to an analysis by the Resolution Foundation and LSE.
Gaps in employment and income have narrowed as the gap between the lowest and highest employment areas has fallen by nearly a fifth since 2000. The UK government is planning to close the glaring economic gaps in different regions, but it may result in an increase in overall costs.
The research has also found that these gaps are reinforced by differences in income that people in the different regions have made from investments.
Let us look at these recruitment stocks amid economic ups and downs.
Let us look at three recruitment stocks that may consider.
Parity Group Plc (LON: PTY)
The UK-based management consulting company was trading at GBX 8.38 at 11:20 AM (GMT+1) on 27 June 2022. Its market capitalisation was £8.63 million on Monday. The performance of the FTSE AIM All-Share constituent has dipped in the last year mostly due to economic factors. Its one-year return was -14.66% with PTY’s YTD return at 20.07% as of Monday,
Hays Plc (LON: HAS)
The shares of the multinational company, Hays Plc, which provide recruitment and human resources services across 33 countries, were trading at GBX 116.40, up by 0.09%, at 11:40 AM (GMT+1) on 27 June 2022. The company has a market cap of £1,924.57 million as of 27 June 2022. HAS’s performance in the FTSE 250 has suffered as its one-year return stood at 27.48% and its YTD return at -20.38%, as of 27 June.
Staffline Group Plc (LON: STAF)
The shares of the employment agency company Staffline Group Plc were trading at GBX 45.00 at 11:47 AM (GMT+1) on 27 June 2022. The STAF had a market capitalisation of £74.16 million as of Monday. However, the performance of the FTSE AIM All-Share has deteriorated over the past year, with a one-year return of -28.34%, and its YTD return was -29.02%.
Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.