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75TH FLOOR

THE REALITY CHECK EDITION

This week:

  • The UK labour market just gave applicants something important to think about

  • A £100 billion question for the next generation of workers

  • Why your first job search should not start with a job board

  • A completely different way to answer “What can you bring?”

  • The rise of work experience as an entry point

  • INTERVIEW PERSPECTIVE: the question behind the question

  • A sector you probably haven't considered

  • Islamic finance

  • Brain Rot

THE BIG NUMBER

30.2 MILLION

That's the estimated number of payrolled employees in the UK in August 2026.

But here's the part that matters.

That figure was 145,000 lower than a year earlier, a 0.5% fall.

At the same time, median monthly pay increased by 3.5% year-on-year.

The labour market is therefore not simply a story of "there are no jobs."

The picture is much more complicated.

Some parts of the economy are expanding.

Others are contracting.

The ONS reported that administrative and support services had the largest increase in payrolled employees over the year, while wholesale and retail had the largest decline.

WHY THIS MATTERS TO YOU

When you're looking for your first opportunity, don't just ask:

❝

“Which companies are hiring?”

Ask:

❝

“Which industries are growing, and why?”

That question can completely change your search.

THE 5-MINUTE INDUSTRY TEST

Pick an industry you are interested in.

Then answer these four questions:

1. Is employment growing or falling?

2. What is causing that?

3. Which companies are benefiting?

4. What skills will those companies need?

You have just done something most applicants don't do.

You've started thinking about the business environment behind the job.

And that is exactly the type of thinking that can make your interview answers stronger.

AN OPPORTUNITY YOU MAY HAVE MISSED

10,000 WORK EXPERIENCE PLACES

Sainsbury's has joined a government-backed initiative designed to create 10,000 work experience opportunities for young people.

The wider retail-sector programme has an ambition to create up to 100,000 jobs for young people by the end of the current Parliament.

You might read that and think:

❝

“I don't want to work in retail.”

That's missing the point.

A major organisation needs people in:

  • Finance

  • Commercial

  • Supply chain

  • Technology

  • Marketing

  • Data

  • Operations

  • HR

  • Property

  • Procurement

THE LESSON

Don't judge an organisation solely by the product you see as a customer.

A supermarket is also a huge logistics operation.

A bank is also a technology company.

A sports organisation is also a media business.

An airline is also a finance, technology and operations business.

TRY THIS

Take a company you already know.

Write down five departments that have nothing to do with its obvious customer-facing product.

You might discover a career path you had never considered.

CAREER HACK

STOP SEARCHING FOR JOBS. SEARCH FOR BUSINESS PROBLEMS.

This sounds strange.

It is also one of the best ways to find interesting opportunities.

Imagine a company is:

Opening new locations

That creates problems around:

  • Finance

  • Property

  • Hiring

  • Supply chain

  • Marketing

  • Technology

Or imagine a company is:

Expanding internationally

That creates problems around:

  • Regulation

  • Foreign exchange

  • Tax

  • Risk

  • Operations

  • Cross-border payments

Or:

Building a new digital product

That creates problems around:

  • Product

  • Technology

  • Cybersecurity

  • Customer experience

  • Data

  • Compliance

YOUR MOVE

Find one company you like.

Find one major thing it is currently trying to achieve.

Then ask:

❝

“What people does the company need to make this happen?”

Now you're searching for roles from the business outward, rather than randomly scrolling through vacancies.

INTERVIEW PERSPECTIVE

“WHAT CAN YOU BRING TO THE ROLE?”

This question often causes applicants to panic.

They immediately start listing adjectives.

❝

“I'm hardworking.”

❝

“I'm resilient.”

❝

“I'm a great communicator.”

None of these are particularly useful on their own.

THINK LIKE THE INTERVIEWER

The interviewer is effectively asking:

❝

“Why should I believe you will add value here?”

So answer with evidence.

THE THREE-PART ANSWER

SKILL

What can you actually do?

EVIDENCE

Where have you demonstrated it?

RELEVANCE

Why would that matter in this role?

EXAMPLE

Instead of:

❝

“I'm very organised.”

Try:

❝

“One of my strengths is managing several deadlines at once. During my final exams I was balancing revision across multiple subjects while also completing coursework, so I created a weekly schedule and prioritised tasks based on their deadlines and difficulty. I think that would be useful in this role because I know there will be periods where several pieces of work need attention at the same time.”

Much better.

Not because the experience is extraordinary.

Because the connection is obvious.

THE INTERVIEWER'S PERSPECTIVE

THEY DON'T NEED YOU TO HAVE DONE THE JOB BEFORE

For many entry-level roles, you obviously won't have years of professional experience.

That's the point.

Instead, interviewers are looking for evidence that you can learn, adapt and take responsibility.

Your examples can come from:

  • School

  • Part-time work

  • Volunteering

  • Sport

  • Societies

  • Personal projects

  • Caring responsibilities

  • Competitions

  • Events

The question isn't:

❝

“Have you already done this exact job?”

It is:

❝

“Have you demonstrated something that suggests you could succeed here?”

That is a much more useful way to think about your experience.

THE SECTOR YOU PROBABLY HAVEN'T CONSIDERED

MOTORSPORT

Yes.

Motorsport.

Major teams and suppliers are offering opportunities across engineering, technical, commercial and other business functions.

Current 2026 listings include programmes associated with major F1 teams such as McLaren, Red Bull and Ferrari, alongside opportunities beyond the teams themselves.

WHY THIS MATTERS

The lesson isn't “go work in F1.”

The lesson is:

industries are much bigger than the job titles you associate with them.

If you love sport, you don't necessarily need to become an athlete.

If you love football, there are finance, commercial, legal, data and operations careers.

If you love motorsport, there are business roles.

If you love fashion, there are supply chain, finance and strategy roles.

THE QUESTION TO ASK

❝

“What business functions exist inside an industry I already care about?”

That can make your job search much more interesting.

RECRUITMENT WATCH

SOME EMPLOYERS ARE ALREADY TELLING YOU WHEN THEIR NEXT APPLICATIONS OPEN

JLL has published its 2026/27 recruitment calendar.

Its graduate roles opened on 10 September 2026.

Its next apprentice recruitment opens on 12 October.

Its intern and placement recruitment opens on 8 December.

Graduate applications remain open for six weeks, while apprentice, intern and placement applications are open for four weeks.

This is useful because you can plan around the calendar rather than discovering opportunities randomly.

YOUR MOVE

Find three employers you care about.

Search:

“[Company] early careers 2027”

Look specifically for their recruitment calendar.

Put the dates in your phone.

THE ONE-EMPLOYER CHALLENGE

PICK ONE COMPANY AND GO DEEP

Most applicants research 20 companies badly.

Try researching one company properly.

Spend 30 minutes finding:

What does it sell?

Who are its customers?

Where does it operate?

What is its biggest current challenge?

What is one recent thing it has announced?

Who are its competitors?

What role are you applying for?

Why does that role make sense within the business?

At the end, explain the company to yourself in one minute.

If you can do that without reading from your notes, you actually know something about the business.

COMMERCIAL AWARENESS

HERE'S A BETTER WAY TO READ THE NEWS

Don't read 20 headlines.

Read one story properly.

For example:

UK bank lending is expected to slow over the next two years, according to a new EY UK Bank Lending Outlook.

EY forecasts bank lending growth will fall to 1.5% in 2027, down from 2.4% in 2026, as economic pressures weaken demand for borrowing.

You could simply memorise that statistic.

Or you could think about it.

WHY MIGHT BORROWING SLOW?

Businesses may become more cautious.

Households may borrow less.

Economic uncertainty can affect investment decisions.

Banks may become more selective about lending.

WHO DOES IT AFFECT?

Banks.

Businesses.

Consumers.

Investors.

Government policymakers.

THAT'S COMMERCIAL AWARENESS.

You don't need 50 statistics.

You need to understand cause and effect.

THE 30-SECOND NEWS TEST

Every time you read a business story, ask:

WHAT?

What happened?

SO WHAT?

Why does it matter?

NOW WHAT?

What could happen next?

If you can answer those three questions, you've gone further than simply knowing the headline.

A SMALL DETAIL THAT CAN CHANGE YOUR APPLICATION

STOP SAYING “I'M INTERESTED IN THE INDUSTRY”

Say what specifically interests you.

Instead of:

❝

“I'm interested in banking.”

Try:

❝

“I've become particularly interested in how changes in interest rates affect borrowing decisions for households and businesses.”

Instead of:

❝

“I'm interested in consulting.”

Try:

❝

“I'm interested in how companies decide where to invest when they have limited capital and competing priorities.”

Instead of:

❝

“I'm interested in accounting.”

Try:

❝

“I'm interested in how financial information is used to make decisions and how investors can assess whether reported performance reflects the underlying business.”

The more specific you become, the easier it is for the interviewer to believe you.

INTERVIEW PERSPECTIVE

THE QUESTION BEHIND THE QUESTION

Sometimes an interviewer asks:

❝

“What do you know about our company?”

But they're really asking:

❝

“Did you prepare specifically for us?”

They ask:

❝

“Why this role?”

But they're really asking:

❝

“Do you understand what you would actually be doing?”

They ask:

❝

“Tell me about yourself.”

But they're really asking:

❝

“Can you communicate your story clearly?”

Understanding this changes how you prepare.

Don't memorise answers.

Prepare the evidence behind the answers.

YOUR WEEKLY CHALLENGE

ONE COMPANY. ONE INDUSTRY. ONE STORY.

Before next week's newsletter:

COMPANY

Research one organisation you want to work for.

INDUSTRY

Understand one major trend affecting its industry.

STORY

Find one recent development involving the company.

Then answer:

❝

“Why does this make me more interested in working here?”

Write your answer in 100 words.

Then say it out loud.

If it sounds like something you copied from the careers website, rewrite it.

ISLAMIC FINANCE

THE UK HAS A DECISION TO MAKE

The UK's position in Islamic finance is entering an interesting period.

The City of London has historically been one of the major Western centres for Islamic finance.

The UK was the first Western country to issue a sovereign Sukuk and the first Western central bank to offer a non-interest-based deposit facility for Islamic banks.

But the competitive landscape is changing.

TheCityUK's latest September report highlights the UAE, Saudi Arabia and Malaysia as markets actively strengthening their Islamic-finance capabilities.

For example, the UAE's strategy targets AED2.56 trillion of Islamic finance assets and more than AED660 billion of listed Sukuk by 2031.

WHY THIS MATTERS FOR LONDON

London already has:

  • Deep capital markets

  • Legal expertise

  • Islamic finance experience

  • Sukuk infrastructure

  • International investors

  • A major insurance and reinsurance market

But other financial centres are investing heavily.

TheCityUK argues that the UK needs to use its existing strengths more aggressively if it wants to remain a leading Western Islamic finance centre.

THE INTERESTING PART

Islamic finance is also moving into newer areas.

TheCityUK's latest report highlights tokenised Islamic finance, Takaful and retakaful as areas where the UK could potentially build on its existing financial infrastructure.

That means Islamic finance is not simply:

Banks + Sukuk.

It can intersect with:

Capital markets

Technology

Insurance

Infrastructure

Asset management

International trade

IF YOU ARE ASKED ABOUT IT

Don't say:

❝

“Islamic finance is growing.”

Give one concrete development.

Then explain why it matters.

That's what turns an interest into an interview answer.

BRAIN ROT ZONE

Recruiter:

❝

“Tell me about yourself.”

Me:

“Well, it all started when I was born.”

Me:

I've researched the company extensively.

Interviewer:

❝

“What does our company actually do?”

Me:

“You know... everything.”

Application:

❝

“Please provide an example of leadership.”

Me:

I once told my group chat where we were going for food.

Recruiter:

❝

“Why our firm?”

Me:

“Because of your culture.”

Recruiter:

❝

“What about our culture?”

Me:

“The... culture.”

Me after reading one Financial Times article:

I now understand global macroeconomics.

THAT'S ALL FOR THIS WEEK

The market is not standing still.

Industries are growing at different speeds.

Companies are changing how they recruit.

New opportunities are appearing in places you may not have thought to look.

And employers are still trying to work out one thing:

Who should we hire?

Your job is to make the answer easier.

Don't try to sound like the perfect candidate.

Give them evidence.

Understand the business.

Know why the role interests you.

And make the connection between you and the opportunity impossible to miss.

See you next Sunday.

75th Floor