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Expert Opinion

Beyond the Budget: why occupiers are growing again

BNP Paribas' office research lead argues tax rises have darkened the mood but not the market
Josh Arnold. (BNP Paribas Real Estate)
Josh Arnold. (BNP Paribas Real Estate)
By Josh Arnold
BNP Paribas Real Estate
December 19, 2025 | 7:00 AM

Just 24 hours after the Budget, Goldman Sachs announced that it would double headcount in its Birmingham office in the coming years. It's tempting, given the timing, to connect the deal to the contents of the Chancellor's speech, after all, it wasn't nearly as bad as many corporates had feared.

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