July Market Update
Summer has arrived in the UK (just about!) and we are observing a busy hiring market that has not been affected by the run up to this week’s general election. Over the coming months, we will see whether the Bank of England will cut interest rates - should this happen, as anticipated, we will see more consistent job flow across our UK divisions in Q3 and Q4.
As more businesses look to move back to the office full-time, we continue to receive feedback from a high number of jobseekers that flexible working remains an attractive benefit when deciding on their next role.
Recent changes to the tax regime for UK-based non-domiciled individuals and concerns about potential future legislation under a Labour government have prompted some family offices and entrepreneurs to consider relocating away from the UK. Meanwhile, on a global scale, the introduction of wealth taxes in Norway and proposed legislation across a number of states in the US have raised concerns that other countries may follow suit.
These changes have instigated the relocation of businesses and a flurry of hiring requests in traditional safe havens, such as Switzerland and Monaco, while Abu Dhabi is emerging as a favoured spot for some of our family office and private equity clients within the MENA region. With offices in London, Zurich, Dublin, Dubai and New York, we can assist should you choose to relocate or expand your business to Europe, MENA or elsewhere.
If you are moving to the UK or lack the infrastructure to payroll staff, we can act as an Employer of Record for your business, private household or family office. Please contact our team to find out more about our services.
I am happy to speak with any clients looking to move their offices abroad. Please reach out to me at david.morel@tiger-recruitment.co.uk.
Best wishes for the month ahead.
David Morel
CEO/Founder
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