Anti-Money Laundering Vacancies hit 12 month high

Anti-Money Laundering Vacancies hit 12 month high

As Russia re-elected Putin this weekend, the impact on the UK is being seen in more ways than one. Already, Grant Schapps is talking about the need for further defence spending as we move from a post-war to a pre-war world. Meanwhile, the avenues for money to be funnelled into London are slowly closing, and the determination to minimize access is clear. The decision to double the economic crime levy for very large companies from April, to £500,000 per institution is a reflection of that.

The public sector looks set to shrink this year, what next?

The public sector looks set to shrink this year, what next?

Government pressure on public sector spending sees vacancies drop. At the last count it was estimated there were nearly 5.9m people employed in the public sector, where just as importantly, that number has grown significantly over the last seven years.

Are retailers moving HQ jobs from London for good?

Are retailers moving HQ jobs from London for good?

For retail and consumer goods and services, 2023 has proven to be a challenging year. The impact of the changes to VAT has meant that as tourism has returned, the luxury goods sector has flatlined, despite London having more tourists than ever. At the same time, quantitative tightening has resulted in challenges to household liquidity, which has meant there has been downward pressure on disposable incomes.

Year in Review: UK Tech Labour Market Trends, February 2024

Year in Review: UK Tech Labour Market Trends, February 2024

The deceleration of tech-centric sectors in London during 2023 mirrors the broader downturn experienced across the UK, with IT vacancies plummeting by 50.5% in the capital compared to 36.3% regionally. Hence the fact that demand for IT professionals has fallen 42.8% compared to the peaks seen in 2022, is a temporary blip.

Year in Review: UK Legal Labour Market Trends, January 2024

Year in Review: UK Legal Labour Market Trends, January 2024

At a time when the sector has been depressed by the cyclical downturn due to quantitative tightening, this has led to a drop of 34.8% in London and 19.4% regionally. Within law firms,  real estate remains the top skill in demand, although its market share has slipped from 22% in 2022 to 18% in 2023. This is partly due to a hefty 37% fall in vacancies in this area in 2023 as the commercial property sector has slowed down.