Find a job you love

0203 824 1111




The Ten Years of Lending Since The Credit Crunch

  • October 09, 2018

To tie in with our 10th anniversary, here’s our review over the past 10 years, how the credit crunch affected the lending market and the direct impact it has had on unemployment in the UK, as well as our predictions for the beginning of the next decade.



10 years of lending

And what does the next year look like?

It is predicted that there will be some growth, although at a slower pace due to the continued uncertainty around Brexit, with the Prime Minister proclaiming it’s the end of austerity for the UK whilst the BCC downgrading economic growth in the UK from 1.4% to 1.3%.

The unemployment rate is predicted to remain close to its 40-year low, with the jobs market being expected to continue to be a source of strength for the economy. We have noticed the trend of increased employment over the last few years, with fewer potential candidates immediately available for work.

Businesses are likely to face significant skills gaps, which may hinder their potential to grow. Companies may look to employ increased numbers of temporary staff to support growth in the short term, however, roles which require specialist qualifications or technical skills make take longer to fill and may need to offer more competitive salaries or look to “home-grow” talent. Workers are unlikely to experience real wage growth as the gap between pay and price growth is forecast to remain negligible. Again, those in more specialist roles may see their industry wages increase to attract and retain the best talent.



Recent Blogs

Are you looking to begin a career in financial services? Here are four valuable skills you should possess.?
Lacking that #FridayFeeling? Maybe it?s time for a new job! Visit our website for all of the latest finance, mana?
Are you currently on your probation period at work? Fear not, we have 7 top tips for impressing your boss and coll?


Mortgage Processor

£27000 - £30000 Central London Permanent

Business Development Manager

£60000 - £60000 Milton Keynes Permanent

Client Executive

£23500 - £25000 St Albans Permanent