express– The analysis, by TheCityUK, the City of London Corporation and consultancy firm EY will make worrying reading for Chancellor Rishi Sunak, given its suggestion of a looming shortage of bankers to go with the shortage of HGV drivers which has necessitated army tankers being tasked with delivering petrol supplies to filling stations. Specifically, the report, a follow-up to one published a year ago, touts the importance of “skilled, multinational and multilingual workers” with foreign workers currently making up 19.5 percent of those employed within the financial services sector, rising to 42 percent in FinTech.
Miles Celic, chief executive officer of TheCityUK, said: “Talent is consistently the number one issue that comes up when we talk to our companies.
“London, and the rest of the UK, is really dependent on being able to attract talent from overseas.
“Could there be a crunch point? Of course there could.
“This is absolutely fundamental to our long-term success.”