In a world of ever-increasing risk, specialist insurance services rise as businesses look to mitigate their exposure. Hence, for the industry, 2023 has proven to be a busy year, with the sector being one of the top performers across all industries in terms of year-on-year activity this past year. On that point specifically, we saw vacancies drop by 15.1% compared to 2022. That compares to an all-industry fall of 30%.
First ARM relists to the NASDAQ and sees their share price double since their IPO. Now more companies are being targeted as the UK struggles to compete in a new world order, where it is no longer able to operate as the financial services capital of the EU.
Every generation bears witness to a technological jump which has the capacity to change the way we work. For example, from the first generation of mobile phones in the 1980s, through to smart phones and mobile devices this has transformed the way we do business. Nonetheless, we have seen increasing numbers of jobs displaced as different technologies have achieved scale.
This week, it was reported that the economic downturn in Q4 had meant the UK is in recession. Hardly the news Sunak needed on the eve of two by-elections. Hunt was quick off the mark talking about the fact that overall the economic indicators are positive looking ahead, which is fair comment, equally the fact salary inflation remains high, has led to suggestions that any hope of interest rates coming down in the first half of the year are fanciful.
Next Tuesday sees the launch of our annual magazine, in which we are focusing on the transformation happening in the labour market as a result of technology.