On the first of January, the Labour Party announced its new deal for employees, contingent on their expected victory in the next election. Currently projected at an 88% likelihood of winning, businesses will need to review and update employee contracts to comply with the new regulations. Unsurprisingly, law firms are rapidly recruiting to bolster their employment teams faster than other practice areas.
With the UK still experiencing lower levels of labour market economic activity than before the pandemic, the North East faces the challenge of a growing divergence in growth compared to the southern regions of the country.
The symbiotic relationship between London and the South East has only strengthened in recent years, as the region has become a leading global hub for the high-tech industry. However, looking at this year so far, the region has experienced a slump in jobs and recruitment, especially compared to the peak of the post-pandemic period.
London is witnessing a substantial increase in fintech job vacancies, spurred by renewed investor interest and technological advancements.
Fintech is dominating the UK financial services sector in 2024, emerging as the top-performing category for job openings. London is at the forefront of this growth, experiencing a significant 61% year-on-year increase in fintech job vacancies from January to April.
