Tax Market - Reflecting on 2008
Friday, 19 December 2008
By Simon Godley
Firstly, I would like to wish all readers of this tax blog and all professionals within the in-house tax market a very good Christmas and happy and peaceful New Year.
This has been the year in which the credit crunch problem has finally crystallised and has hit all the markets very hard - the stock market, the general economy and more recently the employment market.
My first blog posting about how the credit crunch might affect in-house tax jobs was in September 2007, prompted by the major banks going on recruitment freezes. At that time, the market didn't feel too good, but we could not predict the financial tsunami that hit us 3 months ago. These hiring freezes didn't stay on during the first half of 2008, but since October / November, it's not just the banks which are on hiring freezes, but the majority of the UK commerce/industry market.
This is going to take a long while to untangle, but I intend to update this blog on the state of the tax job market during 2009, and hopefully this time next year things won't look quite so bleak.
Simon Godley
Firstly, I would like to wish all readers of this tax blog and all professionals within the in-house tax market a very good Christmas and happy and peaceful New Year.
This has been the year in which the credit crunch problem has finally crystallised and has hit all the markets very hard - the stock market, the general economy and more recently the employment market.
My first blog posting about how the credit crunch might affect in-house tax jobs was in September 2007, prompted by the major banks going on recruitment freezes. At that time, the market didn't feel too good, but we could not predict the financial tsunami that hit us 3 months ago. These hiring freezes didn't stay on during the first half of 2008, but since October / November, it's not just the banks which are on hiring freezes, but the majority of the UK commerce/industry market.
This is going to take a long while to untangle, but I intend to update this blog on the state of the tax job market during 2009, and hopefully this time next year things won't look quite so bleak.
Simon Godley
Labels: banking sector, tax careers, tax jobs, tax recruitment
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