The Midlands’ job market in 2024 mirrors the broader economic challenges facing the UK. Sluggish GDP growth and persistent inflation are influencing employment trends. While investment in infrastructure projects like HS2 supports Real Estate & Construction, Brexit and global market instability continue to impact export-focused sectors.
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.
In the North East, the industrial and Engineering sector leads workforce growth, with a 22.4% year-on-year increase in vacancies, reaching nearly 1,197. This surge reflects rising investments in infrastructure and manufacturing, essential drivers of regional economic stability and development.
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.
