UK employment statistics 2015: Job vacancies on the rise across London

Hayley Kirton and Billy Bambrough
Employers are taking on more staff despite warnings over costs (Source: Getty)

Jobs are on the up across a variety of sectors, according to several reports released today.


The number of new vacancies in financial services in London rose by seven per cent to 9,480 in October compared to the month before, recruitment consultancy Morgan McKinley found.

The figure also represents a 28 per cent increase compared to the year before.

The number of professionals seeking jobs in the capital also grew seven per cent in the month of October to 14,405, a 61 per cent increase compared to last year.

Banks in Britain are relocating an increasing number of jobs to UK regions outside London to cut costs but keep staff in the country, the British Bankers' Association (BBA) said on Thursday.


However it seems the financial industry is increasingly looking for staff beyond London.

The banking sector created 2,450 new positions outside London in 2014, a 0.7 per cent year-on-year increase, a British Bankers Association report found.

Over 2014 London lost 4,848 banking jobs, a 2.8 per cent year-on-year fall, bringing the city's total headcount down to 170,600.

Private sector companies in general are seemingly performing far more consistently however.

A report by Lloyds Bank Commercial Banking revealed staffing levels in London’s private sector companies had risen for the thirtieth consecutive quarter during October.

Meanwhile, new figures from the British Retail Consortium (BRC) and law firm Bond Dickinson show that the number of full-time equivalent positions in retail rose 0.8 per cent for the third quarter of 2015 compared to the same period last year.

Related articles