Bulletin

Workforce transformed by IT

digital-focused economy

PwC's 2015 economic outlook report has revealed the changing landscape of the British jobs market during the swing towards a more digital-focused economy, with 6% of workers, around 1.8m people, now holding titles that did not even exist in 1990. The figure is higher, at 10%, in London, but the report shows that regional cities are rapidly embracing new careers. Based on similar projects, PwC expects employment in central London to increase by about 25% over the next decade, so long as there is sufficient investment in housing and transport. That figure is down from the 35% in the past decade. The next largest rise should be in suburban London, with employment growing 9% in the next decade, compared with 2.6% in the last. Greater Manchester, West Yorkshire, Merseyside and West Midlands are all also projected to experience stronger jobs growth during the next decade than the last. The digital sector has helped boost jobs growth across the UK, with the number of people in IT jobs such as programmers and web designers rising 6.5% in 2012-14, against a 3.8% rise for total employment.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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