The UK's financial services sector is increasingly turning to Polish accountants in response to a shortage of sufficiently skilled British staff, new research reveals.
Recruitment company Joslin Rowe said of the 270,000 Poles who have registered to work in the UK since May 2004, 3,425 or 5.7% are accountants.
The report added that in the 12 months to the end of August 2006, 32,150 new accountancy jobs were advertised in UK financial services firms. Poles secured around 3% of the vacancies, double the proportion during the previous year.
Tara Ricks, managing director of Joslin Rowe Associates, said due to a shortage of qualified home grown accountants, UK firms are exploring other options.
"The introduction of International Accounting Standards, an increasing burden of regulation, and a rising...