The financial sector jobs boom is spreading across the UK

The jobs boom that has engulfed the capital and its financial sector is now on its way to other regions of the country, according to new figures released this morning.

The number of permanent opportunities for professional roles was up six per cent in October compared with the same month last year, data from the Association of Professional Staffing Companies (Apsco) shows.

Finance and accounting roles are up 16 per cent, with most of the growth attributable to towns outside of London.

Figures from online jobs site CV-Library show a similar trend. The site’s analysis of over 200,000 new vacancies showed that the fastest opportunity growth across all sectors was in Liverpool where openings climbed 45.2 per cent between January and October.

Edinburgh, Manchester and Birmingham also feature in the top 10 towns and cities for growth while London is 11th at 22 per cent.

“The fact that banking roles are increasing outside of the capital is in line with what many of our members are telling us, as financial services companies increasingly look to establish business in regions across the UK,” said Apsco chief executive Ann Swain.

“Vacancies within finance and accounting are particularly high as financial institutions bring on board niche skill-sets on a project basis to manage change.

“The migration of talent to outside of London by institutions such as HSBC, coupled with legislative changes such as retail operation ring-fencing, mean that the demand for talent is outstripping availability.”

CV-Library managing director Lee Biggins said:

“The ongoing investment into cities outside of London continues to fuel job growth across the UK. It’s great to see stronger career opportunities emerging away from the capital and we expect this to continue into 2016.”

Job growth in London has outstripped the rest of the country since the 2008-9 recession, with the number people in jobs up 13 per cent over the last five years to 5.6m.

Papadopoullos, Chris. "Financial Sector Jobs Boom Spreads Across UK". N.p., 2015. Web. 22 Dec. 2015.

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