As the world changes focus, direction and priorities, so too do the main industries that run its economy. As a highly developed country, the UK has experienced this market shift many a time and this time round its no different. The leading industries of a certain age reflect the ideologies of that time, people’s hopes, fears and aspirations. That could be as simple as more time to play online casino games (check out the latest casino bonuses here) or as crucial as revising the way we produce energy in our modern world.
Below, we’ll have a look at the industries that are currently booming within the UK. Quite simply put, these markets will shape the country’s economic future.
FinTech
With the 2008 financial crisis, the UK has pushed for London to step up and take the top spot for the financial capital of the world. Its done a good job in that respect being only second to New York when it comes to the latest in the financial field, FinTech.
Financial Technology has been huge for the sector. The jump into the instant, digital age for banking has created an unprecedented amount of jobs through the wealth of new companies that are consistently opening up. Finance and technology go hand-in-hand together and this recipe has proven to be the success for many an eager entrepreneur.
Renewable Energy
As we grow more conscious about the energy we use to supply our busy lives, the sector continues to move towards more renewable sources. This sector contributes 26 billion to the UK’s economy making it one of the largest industries in the country.
With the recent focus on alternative energy source, the industry has moved into a new phase, one which is dominated by the search for a more sustainable method that will leave a smaller carbon footprint. To push this forward, the government planned to have 15% of all the UK’s energy come from renewable sources which gave businesses within the sector a reason to jump on board and implement these new measures to safeguard our planet and herald us into a new age of renewable energy.
Construction
While many consider the construction industry to be highly volatile and constantly prophesize its impending demise, the sector has managed to stay afloat for a number of years and continues to steadily grow stronger. While recent political turmoil (mainly the Brexit vote) may have suggested that the industry might end up in a world of trouble, the construction business has stubbornly maintained its place at the top. Of course, one must take the lengthy Brexit talks into consideration, as once the process moves into more advanced stages, the repercussions might still be felt on the industry.
Currently, the industry has made a 10% growth which means that now construction makes u 12.4% of all UK businesses. So far, so good.
The Markets of Tomorrow
The sectors we discussed are of course just a mere fraction of the many industries that are blossoming at the moment. The new decade brings with it new needs and requirements for our society and these industries are doing their utmost to fulfil those desires and support our necessities. These booming industries will uphold our current situation’s priorities as well as it can, but that period of time might not be as long as we think. As the nature of the world’s socio-political sphere continues to change ever so rapidly, it won’t be long until these sectors are put aside, making way for new ones to take the spotlight.
