Ze City

[ShandyDrinker]

There's a perfect storm. Both Brexit and the private sector off-payroll are contributing.

[Eirikur]

Optimism will make the pound stronger and gets jobs back

[AtW]

City jobs market grinds to a halt amid prolonged Brexit uncertainty and fears of an economic slowdown

London’s financial services firms have slammed the brakes on hiring as prolonged Brexit uncertainty and fears of an economic slowdown reverberate through the Square Mile.

The number of jobs available in the City’s financial services sector plunged by almost a third in July compared with the same month last year, while a collapse in confidence led to 28pc fewer professionals looking for roles, according to new data from recruitment firm Morgan McKinley.

The decline in vacancies in London was “not a surprise”, said James Reed, chairman of recruitment firm REED Group. While Brexit uncertainty was an important factor, the wider economic environment has also affected hiring plans: “It’s a good decade...

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