Home » City lobbyists eye plum Labour jobs as power beckons

City lobbyists eye plum Labour jobs as power beckons

And there are more to come. One policy director at a financial services trade body, granted anonymity to speak freely, said there are “plenty” of senior City professionals who have reached out to Labour over the last few months querying whether senior advisor jobs are available in the shadow Treasury.

Job drought

One problem is that there may well be a lack of jobs to go around. Although there’s no guarantee Labour will win, would-be leader Keir Starmer is already grappling with having too many ministers for the jobs available.

For the Treasury it’s no different.

“At the moment there are probably only around 7 or 8 jobs that are going to be available for City people in a Labour-run Treasury. There are plenty of people who would like to jump [to the party],” the policy director quoted above said.

The snap election caught both Conservative MPs and Labour on the hop, and there’s hope once the dust has settled, a hiring spree will kick off. | Peter Nicholls/Getty Images

But professionals are hoping more jobs will come up. The snap election caught both Conservative MPs and Labour on the hop, and there’s hope once the dust has settled, a hiring spree will kick off.

“What it looks like in a year is very different,” the policy director said. “If they win, and once Labour has their feet under the table in government, they will decide what they need in terms of external help, so there will likely be more jobs for City professionals down the track.”