Employment boom means Britain’s businesses are struggling to find new workers, after the UK’s dramatic fall in unemployment slashed the pool of potential staff. Unemployment fell by 26,000 in the three months to October, dipping to 1.4m, while the jobless rate stayed at a 42-year low of 4.3%, according to official figures. A total of 798,000 jobs are available, the highest in the ONS’s records, which go back to 2001. Meanwhile, wage growth has fallen behind inflation for a seventh month in a row.

Employment boom leaves companies struggling for talent