The Office National Statistics (ONS) has reported a record number of job vacancies in July to September 2021 – 1,102 million in total, an increase of 318,000 from its pre-pandemic January to March 2020 level. This was the second consecutive month the three-month average has risen over one million. And what’s more, vacancies for roles related to mechanical repair were amongst the leading sectors.
Analysis of the latest data from the Office of National Statistics by R&D tax relief specialists Catax shows that R&D spending in the UK motor industry has slumped 9 per cent annually. Total motor sector spending on R&D fell to £3.42bn last year, a decrease of £338m from a record high of £3.75bn registered a year earlier. The industry now employs 22,000 people directly involved in R&D, however, the latest spending figure is a dramatic turnaround from the 4.2 per cent increase seen in 2018.
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ONS