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90,000 London professional jobs forecast to move to regions by 2031
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Business Matters
Robert Walters predicts that up to 12,000 jobs will have moved out of the capital by the end of 2027, rising to 45,000 by 2029.
Senior leadership teams are expected to remain in London, with companies instead bolstering junior ranks with local talent.
“Our forecast indicates a rebalancing of the scales towards stronger regional jobs growth over a widespread shift of business activity away from London,” said Jonny Bohane, of Robert Walters’ market intelligence team.
The northwest of England, including Manchester and Liverpool, is forecast to be the biggest beneficiary, with 22,500 jobs expected to move there by 2031.
But growth isn’t determined by businesses relocating or creating new jobs alone,” Bohane said.