Last week I had the pleasure of speaking to the London members of the TEAM network, regarding our viewpoint on what we are seeing in the London economy. Following up from the annual summit we organized the week before, this was a chance for TEAM members unable to attend, to get a briefing on what to expect this coming year.
Last week we published the findings of our annual report, analysing the UK Labour Market and were delighted to be joined by industry leaders where we both shared our findings and had a lively panel discussion where we discussed the economic climate, the impact of geopolitical factors and what we think it all means, for this coming year.
When the Labour Party came to power, nowhere was the immediate policy shift more stark than in terms of environmental policy. Under Sunak, drilling licenses in the North Sea had been extended, and while the Government had said all the right things in regards to environmental policy, the results were mixed.
With a new Government in situ, last week we organized a private breakfast, with some of the leading recruiters in London, to discuss how the budget and Trump’s victory are likely to impact the London economy going into next year. Financial Services is so critical to the UK, that even for recruiters who are working in other areas, how the industry performs is of key importance. Read on for more.
The first Labour Government in a generation, the biggest increase in taxes since 1993. A bold maneuver to bolster growth, or a misstep, which will cost Labour at the next election? The challenge facing policy makers is real. The size of the national debt is so large, that interest payments alone are now larger than the entire policing budget. And in order to prevent the national debt to stop increasing relative to GDP, the country needs annual growth of 2.5% or more.
