Posted by Alex Turner
London is increasingly becoming the centre of the UK IT sector, according to a new report.
IT contractors could focus their job search on the capital after figures from ReThink Recruitment showed that more than two in five (41.4 per cent) of new IT jobs are now found in London.
This marks a significant rise from 2008, when the figure was slightly more than one-third at 33.8 per cent.
Michael Bennett, ReThink's director, said the introduction of what has been dubbed Silicon Roundabout has led to a number of new jobs in the area.
"Faced with the choice of working in a bank or a digital start-up, a growing number of talented IT professionals are prepared to sacrifice pay for shares in an East London tech start-up.
"We're not back to dotcom levels, but shares have regained some of their lustre."
Demand for IT contractors could also remain high after the expert pointed to a skills shortage in the sector, adding that hiring for IT roles in London is "as challenging as it's ever been".