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Tax Hiring Resets After Record 2025 Surge

UK tax hiring to fall by ~10% in 2026 following a 19% surge in 2025 London share rises to ~43% as regional hiring declines ~15% Core tax roles remain dominant at around 60% of demand Specialist demand shifts toward employment tax, indirect tax and tax technology, highlighting growing skills gaps

City Hiring Picks Up, but Confidence Remains Fragile

Key statistics from Morgan McKinley’s 2025 London Employment Monitor:

UK Internal Audit Hiring Surges 18% as Banks Bolster Governance Functions

UK internal audit vacancies rose 18% in 2025, driven by increased demand for governance and oversight roles. London strengthened its dominance, accounting for 57% of all UK vacancies after 29% growth. Regional hiring diverged sharply, with strong growth in Northern Ireland and Yorkshire but steep declines across Southern England. Hiring momentum has slowed in early 2026, with vacancies down 40% year-on-year. 

Finance Hiring Climbs 13% as Technology and Fintech Drive Growth Across UK

Finance vacancies rose 13% year-on-year in 2025, led by tech and compliance. Fintech hiring surged 29%, with standout gains in software and product roles. Accountancy vacancies climbed 15%, with executive management roles doubling. Greater London grew 17%, reinforcing its dominance in UK financial hiring.

Pre-Budget Uncertainty and Global Volatility Temper City Hiring at Year End

Key statistics from Morgan McKinley’s 2025 London Employment Monitor:

London drives sharp rebound in UK Fintech hiring

London sees strongest fintech hiring rebound since 2021 Technology accounts for 41% of all fintech vacancies nationwide Specialist roles in credit risk and financial crime more than double Fast growing firms including Radius and SumUp accelerate expansion 

Fintech Overtakes Banks in Risk Hiring as Sector Surges 26%

Risk and Compliance hiring in fintech up 26% year-on-year Banks cut oversight teams as cost pressures rise Demand shifts to Financial Crime and Credit Risk roles London remains dominant, but hybrid hiring gains traction

Commerce & Industry vacancies forecast to rise 9% year-on-year in 2025

London leads rebound, posting 12% growth and highest market share in five years Technology now accounts for 19% of finance roles, up from 16%

London’s job market stays resilient despite Budget jitters and AI shifts

Key stats from Morgan McKinley’s 2025 London Employment Monitor:

Banking vacancies climb 11% with IT and operations driving growth

Banking vacancies forecast to rise 11% nationally, with London leading on a 15% increase compared to 2024 AI-focused roles drive demand, with IT Management up 43% and Operations up 34% Regional hiring diverges: Glasgow up 50%, Belfast up 40%, while Edinburgh falls 7% and North East drops 29%