Canary Wharf Retail Banking Contracts

The table below looks at the prevalence of the term 'Retail Banking' in contract IT jobs within the Canary Wharf region together with a comparison to our General terms category. Included is a guide to the contractor rates offered in IT jobs that have cited Retail Banking over the 3 months to 13 October 2008 with a comparison to the same period last year.

Retail Banking
Location Andover Berkshire Birmingham Bournemouth Brighton Bristol Buckinghamshire Cambridge Cambridgeshire Canary Wharf Cheshire Chester City of London Croydon Docklands, London Dorset East Midlands East of England East Sussex Edinburgh England Glasgow Gloucester Gloucestershire Halifax Hampshire Kent London M4 Corridor Manchester Midlands Milton Keynes Newport Norfolk North West Northampton Northamptonshire Norwich Nottinghamshire Poole Scotland South East South Wales South West Swindon Thames Valley UK Wales West Midlands West Yorkshire Wiltshire Yorkshire	3 months to 13 Oct 2008	Same period last year
Rank	-	56
Rank change on same period last year	-
Matching contract IT job ads	0	1
As % of all UK contract IT job ads sampled	0.000 %	0.001 %
As % of the category below	0.000 %	0.222 %
Daily rates quoted	0	1
Average minimum daily rate	-	£500
Average daily rate	-	£500
% change on same period last year	-
Average maximum daily rate	-	£500
UK excluding London average daily rate	£435	£423
% change on same period last year	+2.84 %
Hourly rates quoted	0	0
Average minimum hourly rate	-	-
Average hourly rate	-	-
% change on same period last year	-
Average maximum hourly rate	-	-
UK excluding London average hourly rate	£12.00	£21.00
% change on same period last year	-42.85 %
General Canary Wharf
Matching contract IT job ads	250	450
As % of all UK contract IT job ads sampled	0.354 %	0.456 %
Daily rates quoted	121	236
Average minimum daily rate	£421	£443
Average daily rate	£441	£462
% change on same period last year	-4.40 %
Average maximum daily rate	£461	£480
UK excluding London average daily rate	£383	£381
% change on same period last year	+0.58 %
Hourly rates quoted	4	14
Average minimum hourly rate	£13.20	£18.65
Average hourly rate	£15.30	£20.55
% change on same period last year	-25.54 %
Average maximum hourly rate	£17.40	£22.45
UK excluding London average hourly rate	£28.07	£26.79
% change on same period last year	+4.77 %
Retail Banking London

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Retail Banking
Demand Trend

The chart provides a 3-month moving total beginning in 2004 of IT contractor jobs citing Retail Banking across the Canary Wharf region as a proportion of the total demand within the General category.

Retail Banking
Daily Rate Trend

The chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Retail Banking across the Canary Wharf region.