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London Finance Hiring Set to Rise 17% as Capital Accounts for Majority of UK Finance Vacancies

London finance vacancies are forecast to increase 17% in 2026 following strong hiring momentum The capital is expected to account for 52% of UK finance recruitment for the first time Accounting & Consulting vacancies are projected to rise 21%, while Banking grows 16% Accountant roles are forecast to jump 32% as firms invest in AI implementation and regulatory change JPMorgan Chase, Barclays and Deloitte are expected to lead recruitment growth

London Hiring Slows as Employers Wait for Political Clarity

Key findings from Morgan McKinley’s 2026 London Employment Monitor:

Commerce & Industry Accountancy Hiring Set to Rise 13% as Financial Services Contracts

Financial Services accountant vacancies are forecast to fall by nearly 5% in 2026. Commerce & Industry accountancy vacancies are forecast to rise by almost 13% in 2026. London's share of Financial Services accountant hiring is expected to reach 57% of all UK vacancies. Energy & Utilities is forecast to be the fastest-growing accountancy sector, with vacancies rising by almost 75%.

UK Fintech Hiring Set to Rise 14% as Payments and Infrastructure Lead Shift Away From Neobanks

UK fintech vacancies are forecast to rise by close to 14% in 2026, following 28% growth in 2025 London is expected to account for 71% of all fintech hiring as concentration intensifies IT support roles have fallen from 17% to 9% in two years due to automation IT infrastructure vacancies are projected to climb nearly 31%, outpacing broader IT growth Anti-money laundering (AML) and credit-focused hiring strengthens, while several neobanks scale back recruitment amid a shift towards payments-led business models

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