The recent unstable economic and euro zone activities may be having disturbing effects on the numbers relocating to Britain. Leonia Newman global mobility expert for Garrington Relocation looks at the relocation trends for the UK. The secondary effects from the global economy have affected Britain’s employment prospects, competitiveness and the overall ability for the UK to expand at a domestic and international level.
According to ONS there are currently 2.61 million people unemployed in the UK. The slowly diminishing, yet significant level of unemployment puts the employer in a strong position with the ability to choose from a large pool of potential and anxious employees. The economic climate and availability of jobs have been blurring the boundaries between employers and employees and preventing businesses and the economy to experience growth in recent times.
Although the areas in England are under the same Government policies and are witnessing the same pressures, some cities are able to shield themselves and recover from the downturn better than others. The Cities Outlook 2012, from the Centre for Cities, expressed that the cities that have experienced the greatest loss of public sector jobs will find it most difficult to regain employment in the short term. The capability to recuperate from significant negative growth and improve employment conditions depends upon support from within the City. London, Aberdeen and Milton Keynes are cities that have large numbers of business start-ups, high percentage of knowledge workers and innovative economies, which help improve employment prospects. Cities, however, which retain a poorer skill profile, such as Doncaster, Newport and Hull, will have to rely on additional support to regenerate employment levels. However, additional support, such as Government subsidies, is unlikely to be initiated in the near future due to the Government deficit and euro zone referendums.
In conclusion, UK relocation trends depend on the availability of skilled labour, the business strive of a city, and the support from within, as well as the Government, to be key factors to ensuring a strong defence against the euro zone pressures and assisting to restore confidence in the UK and attracting greater numbers to the UK relocation market.