City AM: Record-level demand for tax lawyers after Spring Budget
The Spring Budget’s batch of changes to taxation has resulted in law firms posting more vacancies for tax lawyers in February, than any other month over the last two years.
The Spring Budget’s batch of changes to taxation has resulted in law firms posting more vacancies for tax lawyers in February, than any other month over the last two years.
UK companies are increasingly moving head office jobs outside of London, according to new data, amid rising living and housing costs in the capital.
There was a 5 % rise in insurance claims vacancies nationally compared with 2022, with recruitment volumes in 2024 remaining stable thus far. While claims handling remains the dominant skill, constituting 59% of the total, it recorded a decline, falling to 46%.
When examining recruitment activity in the capital, the signs are positive. Indeed, there has been a 24.6% increase in recruitment within Commerce & Industry in 2024 compared to the monthly average of 2023, with increases in retail, media, and technology. In contrast, regional activity has yet to experience such an upturn, with aggregate vacancies down by 5.4% so far this year and Commerce & Industry experiencing a 5.7% drop specifically.
UK businesses are relocating jobs outside of London due to rising living and housing costs. London-based executive management, HR, and marketing roles have decreased by 41%, while remote work opportunities have doubled.