After its self-removal from the European Union, United Kingdom became one of the first countries that found lack of enough people to fill FinTech positions. According to a report from Business Insider earlier this year, there are 28.3 percent of Digital Project Manager positions open and remain unfilled after two months in the U.K.. Speculation has been high as to how the U.K. will do once it removes itself from the EU. Plus, big banks have already threatened to move jobs from U.K. to overseas, which could potentially cripple the British economy with jobs remaining unfilled for longer.
Reports also showed that FinTech funding in the U.K. has fallen by 33 percent in 2016, comparing to $1.2 billion in 2015. This showed an even larger uncertainty in the FinTech sector for U.K., along with its geo political and macro-economic factors. The reports concluded, “Despite being the global FinTech hub more clearly needs to be done to fill FinTech positions in the U.K. job market and improve its standing long after it removes itself from the European Union. Only time will tell how successful this is.”