UK emerges from recession
On 26th January 2010 the UK economy finally emerged from recession but it was a close run thing, with a return to growth in Q4 of 2009 of just 0.1%. This signals the end of the longest recession since records began in 1955 and confirms it as the biggest economic collapse since the Great Depression.
The UK was one of the last leading economies to come out of recession following countries such as the United States, Germany and France but such figures provide some hope for increased IFA jobs, administrator jobs and paraplanning jobs in 2010.
There was further modestly good news on the job front with the pace of unemployment falling which should have benefits for individuals within financial services. Although at an early stage there has been a tangible increase in paraplanning jobs and administrator jobs being registered with Exchange Street which bodes well for other areas of the market, such as compliance and training. Alongside this the increase in sales support vacancies can be seen as a pre-cursor to increased IFA jobs on the horizon as companies look to prepare for the post-RDR model.
Whilst huge caution remains regarding the pace of recovery the outlook for financial services candidates looks more favourable than at any point since 2008.