Key Learnings from VocTech Market Activity Q4 2024

• The UK budget raised taxes; in the short term, at least, the new burdens on business are negatively affecting hiring plans and morale. Schools received more money.
• The Employment Rights Bill has been introduced to Parliament, and the Get Britain Working White Paper has been launched. These are significant reforms to the UK’s employment regulations; changes to provision for young people and to apprenticeships are likely the most important for the VocTech investment community.
• Political turmoil across Europe and the election of Donald Trump are both likely to have a materially negative effect on the green transition and associated jobs and investments.
• Demographics are becoming a hot topic. Europe – including the UK – is getting older, and this could have a major effect on productivity and living standards. Immigration as an answer will remain controversial.
• Deal sizes and volumes are at historically low levels, but some deals are still being made; anecdotally, many are more optimistic about 2025.

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