The revision by the OECD that Britain’s GDP growth for next year will be higher than initially thought will be welcome news to Rachel Reeves and Kier Starmer. Indeed, the increase has been from 0.4% when forecast in May, to 1.1% now. At a time when the Government are facing acrimony over their budget, and business confidence is deteriorating, it is important to understand though, that the reason why the forecast has been lifted is due to the planned investments into the public sector.
Join our upcoming webinar on December 10 at 12 PM as James Chaplin and Matt Gallivan dive into the latest IT job market trends—with a special focus on gaming! We’ll cover IT hiring trends, macroeconomic impacts, and the skills driving change. Don’t miss out!
The latest report from the Institute of Directors is out, and the findings show business confidence in the wider UK economy to close to its record low, in April 2020 (-69) at the onset of the Covid pandemic, and marks the second lowest reading of the Index since it began in July 2016. Just as importantly, the study has asked business leaders how they were expecting to be affected by and responding to the changes in employer National Insurance.
Risk and compliance vacancies in traditional banks are expected to decline by 17% in 2024 as banks prioritise stabilization amidst changing market conditions. In contrast, fintech companies are projected to see a 28% rise in such roles, with 1,000 new positions anticipated.
The UK job market for Risk and Compliance roles is undergoing a significant transformation, with the fintech sector leading the charge. Risk and compliance vacancies within the banks are projected to experience a 17% drop in 2024 as banks focus on stabilisation in response to shifting market conditions.
