London is set to account for over half of all new banking jobs across the UK, according to new data. The recruitment firm Morgan McKinley suggests that UK banking vacancies are expected to rise by nine per cent in 2026.
The capital's job postings are growing at more than 18 times the rate seen across the UK, with London anticipated to make up 53 per cent of all vacancies. Manchester is also expected to see a significant increase in vacancies, rising by 69 per cent compared to previous levels.
This boost for the financial services sector follows banks posting strong profits this year. Barclays, which reported a profit surge to £6.1bn, increased its vacancies by 24 per cent year-on-year. JP Morgan Chase and Citi have also increased their job postings, though Lloyds Bank reduced its number of availabilities.
Chris Lawton, UK senior managing director at Morgan McKinley, noted a shift in demand towards commercial and technological roles, while accountant vacancies have weakened.