In 2023, the number of employees in the UK wholesale on a fee or contract basis sector was notably decreasing and is expected to continue this trend from 2024 to 2028. The forecast shows a year-on-year decline in employment: approximately -1.05% from 2024 to 2025, -1.04% from 2025 to 2026, -1.03% from 2026 to 2027, and -1.03% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around -0.96%.
Future trends to watch for include:
- Technological advancements impacting operational efficiencies.
- Shifts in industry dynamics due to evolving consumer preferences.
- The potential influence of economic policies on employment levels.
