
City AM: UK firms move more head office roles outside London amid soaring costs
UK companies are increasingly moving head office jobs outside of London, according to new data, amid rising living and housing costs in the capital.
UK companies are increasingly moving head office jobs outside of London, according to new data, amid rising living and housing costs in the capital.
There was a 5 % rise in insurance claims vacancies nationally compared with 2022, with recruitment volumes in 2024 remaining stable thus far. While claims handling remains the dominant skill, constituting 59% of the total, it recorded a decline, falling to 46%.
UK businesses are relocating jobs outside of London due to rising living and housing costs. London-based executive management, HR, and marketing roles have decreased by 41%, while remote work opportunities have doubled.
Vacancies in insurance have decreased by 15.1%, demonstrating the sector’s resilience compared to a 30% decline in financial services.
Job vacancies at UK consulting firms plunged by over 80% in 2023 due to factors such as weak economic growth, fewer deals in the City of London, and the uncertainty surrounding an upcoming general election.
Despite a projected slowdown in the overall job market, the South of England is expected to maintain its position as the top region for job opportunities in 2023, according to new research from the Association of Professional Staffing Companies (APSCo).