Business & Technology
London to take majority of UK finance hiring in 2026
KAREN JOY BACUDO
Finance Editor
London is set to account for most UK finance hiring for the first time, with vacancies in the capital forecast to rise 17% in 2026, according to research from Morgan McKinley and Vacancysoft.
That would give London 52% of all UK finance recruitment, further concentrating hiring activity in the capital. The report projects London’s growth rate will outpace the rest of Britain by more than five to one.
The findings suggest demand across financial services will remain steady even as employers stay selective about where they add staff. Hiring is expected to centre on roles tied to regulation, technology projects and specialist finance functions, rather than broader support areas.
Sector split
Accounting and consulting is expected to post the fastest growth among London finance employers, with vacancies projected to rise 21%. Within that segment, accountant roles are forecast to jump 32% as firms respond to AI implementation, sustainability reporting and audit reform.
Technology hiring is also expected to remain strong. IT professional vacancies across London finance are forecast to rise 22%, reflecting investment in reporting systems, compliance tools and broader platform modernisation.
Banking vacancies are forecast to increase 16% in 2026. The sector remains the largest occupational category, accounting for more than 42% of vacancies.
Within banking, employers are expected to keep directing recruitment towards technology-related positions. IT professional vacancies in the sector are forecast to rise 29% as banks continue work on cloud migration, cyber security and AI-related programmes.
Big recruiters
Some of the largest increases are forecast at global banks and professional services firms with sizeable London operations. JPMorgan Chase is expected to increase hiring by 27%, while Barclays is forecast to expand vacancies by almost 28%.
Deloitte is projected to post the sharpest rise among the organisations listed, with vacancies climbing by more than 60%. Other employers expected to record strong growth include Accenture at 50%, NatWest at 54%, State Street at 40% and BlackRock at 36%.
The report’s ranking of leading employers in London finance and professional vacancies shows JPMorgan Chase at the top in each of the three years covered. Its vacancies were listed at 1,638 in 2024, 2,059 in 2025 and an estimated 2,618 in 2026.
Barclays ranked second, with vacancies rising from 676 in 2024 to 1,032 in 2025 and an estimated 1,318 in 2026. Deloitte followed with 421 roles in 2024, 616 in 2025 and a projected 990 in 2026, while Accenture’s total is forecast to rise from 298 to 726 over the same period.
LSEG also featured among the top employers, though with more modest growth. Its vacancies were listed at 501 in 2024, 634 in 2025 and an estimated 654 in 2026.
Skills pressure
The figures suggest employers are increasingly combining traditional finance recruitment with demand for digital skills. That trend appears strongest where regulatory compliance, reporting changes and internal systems upgrades overlap.
They also indicate that London is reinforcing its position as the main centre for UK finance recruitment as firms concentrate investment in specific functions. The result is a market where hiring volumes are rising, but the range of sought-after skills is narrowing.
Florence Edwards, Associate Director, Finance & Accounting at Morgan McKinley, commented on the recruitment backdrop.
“London is strengthening its position as the UK’s finance recruitment hub, with investment increasingly concentrated in technology, regulatory capability and specialist financial expertise. As firms modernise operations and respond to evolving regulatory requirements, hiring is becoming more targeted, particularly across banking, consulting and finance transformation.
Competition for experienced professionals is intensifying. Employers are looking for candidates who can combine technical finance expertise with digital and analytical skills, but supply remains limited. Organisations that can move quickly and offer a compelling opportunity will have a significant advantage,” said Edwards.
Business & Technology
Network Rail will not reopen Botley Road early despite completion
Gas network company SGN confirmed it had repaired three minor gas leaks and left the site on Monday, August 3, six days earlier than expected.
The leaks were discovered during excavation works last month and contributed to the pushing back of the road’s reopening date, yet again, to September 20.
The completion of the gas mains replacement marked a significant step forward in the wider Oxford Station improvement project, which was originally budgeted at £161 million but is now expected to cost at least £237 million.
The development prompted hopes that Botley Road, closed beneath the rail bridge since April 2023, could reopen earlier than planned.
However, Network Rail has moved to manage expectations, saying the project remains on course to meet its existing target date rather than finish ahead of schedule.
A Network Rail spokesperson said: “We’re pleased that SGN has completed its gas mains replacement work.
“While this is an important milestone, it doesn’t necessarily mean the overall project will finish early as some remaining work is dependent on access to the railway, which we have had to rearrange to enable the replacement of the gas main.
“Our focus remains on meeting our planned deadline of 20 September for reopening Botley Road to traffic.”
While the completion of the gas works removes one of the most recent obstacles facing the scheme, Network Rail says further work under the bridge and around the station is still needed before the route can reopen to traffic.
Business & Technology
40-year-old Oxfordshire gymnastics club at risk of closure due to heat
The club is currently struggling in the summer heat, and has launched a new fundraiser to keep its gymnasts safe.
The club, which is based at Grove House Barn near Warkworth in Banbury, launched the fundraiser so it could buy and install four air conditioning units to keep its space cool.
Currently, the club hopes to raise £7,000 through the appeal so it can buy four 10kW air conditioning units and cover all the installation costs.
So far, the club has raised £380.
Karl Wade, director of Wade Gymnastics, said the club has become “increasingly warm” during the summer months due to the rising temperatures.
READ MORE: Thames Water leakage targets are ‘not realistic’ says boss after pay rise
Wade Gymnastics at Grove House Barn in Banbury (Image: Google Maps)
“Despite our best efforts to keep doorways and shutters open, it becomes very uncomfortable for gymnasts to play and train,” Mr Wade said.
He added: “The safety of our gymnasts and coaches is always our utmost priority.
“Unfortunately, the risk of having to close the business during these hot spells is increasing and we need to have more effective ways of keeping everyone cool.
“An air conditioning system would allow the business to stay open during those extreme hot conditions and continue to provide classes for everyone who attends.”
The gym currently delivers classes seven days a week for around 900 people, which range from toddlers to athletes competing at national level.
The gym club was founded more than four decades ago by Ruth Wade and, for the past 20 years it has been based at its current facility.
Business & Technology
Solihull Council appoints ICS.AI for AI discovery phase
SOFIAH NICHOLE SALIVIO
News Editor
Solihull Council has appointed ICS.AI to deliver the first phase of an AI Transformation Discovery programme to examine how artificial intelligence could be used across several resident-facing services.
The 24-week programme will review opportunities in Adult Social Care, Children’s Services, Economy & Infrastructure, and Public Health. It is intended to help the council decide where AI could be used and where future spending should be directed.
In this first phase, ICS.AI will assess the council’s readiness for AI and identify use cases across the four service areas. The programme is expected to produce a prioritised shortlist of about 200 use cases, including 50 validated from a finance perspective, alongside a longer-term AI Transformation Roadmap.
The work is intended to create an evidence base before any wider implementation decisions are taken. Ethics, privacy, and safeguarding will be considered throughout the assessment process.
Discovery phase
ICS.AI will use its AI Target Operating Model framework to review Solihull’s current position across five dimensions before ranking opportunities. The outputs will be based on council-owned baseline data and reviewed by public sector specialists.
The approach reflects a broader pattern among local authorities exploring AI in service delivery while facing pressure to justify spending and manage risks around data use and public accountability. Councils have also been seeking clearer business cases before committing to larger technology programmes.
Solihull said the discovery exercise would support a measured approach to service modernisation. The authority wants to identify where AI could improve services for residents while also demonstrating value for money.
“We are committed to taking a well-considered and planned approach to modernising the services we provide. By building a strong evidence base for future decisions, this programme will help us understand where the greatest AI opportunities exist. We will then be able to prioritise those improvements that will deliver the greatest benefit for residents, while ensuring full value for the council,” said Councillor Dave Pinwell, Cabinet Portfolio Holder for Resources, Solihull Council.
Public sector focus
ICS.AI said the Solihull engagement builds on work it has carried out with more than 20 public sector organisations using its AI transformation and discovery assessments. Those organisations include Derby City Council.
The company focuses on AI projects for the public sector, where interest has increased as authorities look for ways to manage demand pressures in social care, public health, and other frontline services. At the same time, councils are under scrutiny to show that new technology investments are proportionate and supported by practical evidence.
Dwayne Johnson, Chief Local Government Officer at ICS.AI, said local authorities need stronger justification before committing funds. “Local authorities need confidence that every investment is backed by robust evidence and long-term value for residents. Solihull Council is taking the right approach by starting with a structured discovery programme that builds a clear understanding of priorities before decisions are made. By developing finance-validated business cases and a practical roadmap, the council can be more proactive in the decisions it makes,” he said.
The programme’s initial outputs are expected to give Solihull a ranked view of where AI could be applied across services, the level of organisational readiness, and which projects may warrant further consideration. This first phase is focused on identifying options rather than moving directly into deployment.
For local government leaders, that distinction is becoming increasingly important as councils test AI in areas that affect vulnerable residents and essential public services. In Solihull’s case, the work spans some of the authority’s most visible functions, including care services, children’s provision, public health activity, and parts of local infrastructure planning.
The council aims to use the findings to inform later investment decisions through finance-validated business cases and a practical roadmap for future priorities.
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