If the Conservative party are to win the next election, they will need not just a serious implosion within the Labour party, but also for the UK economy to pick up in a way where they can take the credit. Longer term, the UK remains mired in the same issues that it has had for some time now, limited productivity increases, an ever increasing national debt (we last ran a budget surplus over 15 years ago) and ultimately most importantly, GDP per capita falling.
In what could become a landmark speech for Financial Services, Ursula von der Leyen has thrown down the gauntlet in a bid to create a new stock exchange to rival any in the world. Her plan, to unify the bourses of Paris, Frankfurt, Amsterdam, Madrid and Milan into one, would result in an exchange which would be the largest in Europe by some distance (including London) and be able to compete directly with New York, or anywhere else.
Whisper it quietly, but some of those benefits of leaving the EU are actually starting to materialize. For those in Life Sciences, new regulations taking effect have meant that the MHRA can now fast-track applications, where as a result, approvals can happen in certain instances, within 14 days.
Looking at this year by business quarter, we can see that there was a 6.8% increase in legal vacancies across commerce and industry in Q3 compared to Q2, which bodes well for the remainder of the year. Q4 is typically the busiest quarter of the year for vacancies overall, so we would expect to see that translate into vacancies for legal counsel. This is according to the latest UK Legal Labour Market Trends report by Search, and labour market data analysts Vacancysoft.
Comparing the South’s professional vacancies to the National total, while England and Wales as a whole are predicted to see a decrease, the South as a region could increase its market share, potentially reaching 29.8% in 2023 according to APSCo and labour market data analysts Vacancysoft.
