1. What will happen to DEMAND and SUPPLY for dev roles?
2. What will happen to the CONTRACT and PERM markets for dev roles?
My opinion: investment dearth will lead to decreased DEMAND overall and slow CONTRACT market, as business focuses on core and prunes more speculative investment. PERM / CONTRACT ratio increases as cut to commercial property prices and labour costs tempts foreign companies to set up ops in UK. Foreign pros in UK leave for a better deal elsewhere, net migration decreases for similar reasons (~20% cut to GBPUSD, 1% inflation...).
1. What will happen to DEMAND and SUPPLY for dev roles?
2. What will happen to the CONTRACT and PERM markets for dev roles?
My opinion: investment dearth will lead to decreased DEMAND overall and slow CONTRACT market, as business focuses on core and prunes more speculative investment. PERM / CONTRACT ratio increases as cut to commercial property prices and labour costs tempts foreign companies to set up ops in UK. Foreign pros in UK leave for a better deal elsewhere, net migration decreases for similar reasons (~20% cut to GBPUSD, 1% inflation...).