Financial Sector to Play Major Part In London’s Success
Financial services are part of the plan for London's future economic growth, Chancellor George Osborne has said.
Chancellor of the Exchequer George Osborne has outlined the government's long-term plan for London's economic growth, noting that the financial sector will have a major part to play in the capital's future success.
He listed six elements of the plans, ranging from housing to more local decision making, transport to digital infrastructure.
After listing the first four elements, Mr Osborne said: "The fifth part of that plan is to back unashamedly London’s strengths in science and finance and technology and the arts." Fintech will be among the areas of growth.
Mr Osborne said the plan is to create more than half a million new jobs, commenting: "There is nothing our great capital city cannot achieve if it applies determination and vision and optimism to our future".
The emphasis on London's growth comes despite the views of many that there is too great a gap in performance between the capital and the rest of the UK.
Mr Osborne agreed this has been a problem, but said addressing that will be achieved "by building a Northern Powerhouse, connecting up the south-west, making the Midlands an engine of growth - in other words by pulling up the rest of the country, and not by pulling London down."
The Chancellor added that he wanted the metropolis to match the growth rate of New York, which would add £600 to GDP per year for every person in Britain by 2030.
For financial sector recruiters looking to expand in London, the endorsement of the Chancellor may be heartening, although the policy announced may be largely contingent on the outcome of the general election.
However, those seeking the services of a skilled recruitment agency can still seek to bring in the best staff to help continue the growth of the sector as it bounces back from the financial crisis.
Mr Osborne said Britain will benefit from keeping London as the "greatest capital city on Earth". It may be that, ultimately, this is a view shared by other parties and will be preserved in the wake of the election, whoever is in power.
Signup to receive the latest discipline specific articles
Related jobs
Salary:
Up to €60,000 per annum
Location:
Rotterdam, South Holland
Industry
Energy, Resources and Industrial
Qualification
None specified
Market
Professional Services
Salary
£50,000 - £60,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Als Specialist Financiële Processen SSC binnen een toonaangevende organisatie draag je zorg voor een efficiënte en effectieve afhandeling van financiële administratieve processen.
Reference
BBBH184301
Expiry Date
01/01/01
Author
Aram OutmaijjerAuthor
Aram OutmaijjerSalary:
Up to €84,000 per annum
Location:
Rotterdam, South Holland
Industry
Manufacturing
Qualification
Fully qualified
Market
Professional Services
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Ben jij een financiële professional met sterke analytische vaardigheden en een strategische visie? Heb je een passie voor procesoptimalisatie en het verbeteren van financiële dienstverlening?
Reference
BBBH184300
Expiry Date
01/01/01
Author
Aram OutmaijjerAuthor
Aram OutmaijjerSalary:
£65,000 - £73,000 per annum + Excellent Benefits Package
Location:
Manchester, Greater Manchester
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Exciting Group Reporting Finance Manager for a leading retail organisation based in Manchester offering hybrid working paying circa £70,000.
Reference
BBBH184314
Expiry Date
01/01/01
Author
Nathan JonesAuthor
Nathan JonesSalary:
£100,000 - £120,000 per annum + bonus and benefits
Location:
Crawley, West Sussex
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£100,000 - £125,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with a rapidly growing PE-backed buy-and-build B2B business
Reference
TA 3428
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£160,000 - £180,000 per annum + Equity, Bonus and Benefits
Location:
North West England
Industry
Education
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is currently working with a PE-Backed Education Business seeking an experienced CFO
Reference
TA 3427
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Equity, Bonus and Benefits
Location:
London
Industry
Healthcare
Qualification
Fully qualified
Market
Executive Search
Salary
£125,000 - £175,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is partnering with a dynamic, PE-backed Multisite Healthcare Services business to recruit a CFO.
Reference
TA 3426
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Negotiable
Location:
Horsham, West Sussex
Industry
Technology
Qualification
None specified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Our high growth client in the tech/SAAS industry are looking for a new Transactional Finance Manager to join their finance team.
Reference
129384
Expiry Date
01/01/01
Author
Harry LathamAuthor
Harry LathamSalary:
Up to £45,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£40,000 - £50,000
Job Discipline
Tax
Contract Type:
Permanent
Description
.
Reference
BBBH184306
Expiry Date
01/01/01
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
£30,000 - £32,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Credit Controller in Leeds
Reference
BBBH184266
Expiry Date
01/01/01
Author
Cameron WalshAuthor
Cameron WalshSalary:
Up to £36,000 per annum
Location:
City of London, London
Industry
Professional Services
Qualification
None specified
Market
Professional Services
Salary
£35,000 - £40,000
Job Discipline
Software Development
Contract Type:
Permanent
Description
DMS Developer
Reference
BBBH184283
Expiry Date
01/01/01

Author
Shammi Choudhury
Author
Shammi Choudhury