Scottish middle market businesses have stopped hiring and investing due to inflationary pressure, recession fears and wage pressures.
RSM UK’s latest Middle Market Business Index showed that fewer firms (41%) planned to increase recruitment in the second quarter, down from 52% in the previous quarter.
The survey, conducted during April among 700 senior executives at middle market companies, showed a nine point drop to 54% in the number of businesses planning to recruit more staff over the next six months.
