Brexit Caused 37 Percent Fall In New London Financial Jobs In December: Report

www.oann.com | 1/10/2018 | Staff
spiderMonkey (Posted by) Level 3
LONDON (Reuters) – Britain’s forthcoming exit from the European Union was the main reason for a 37 percent decline in new jobs available in London’s financial sector last month, according to a report from recruiting firm Morgan McKinley released on Thursday.

Financial services jobs new to the market in December fell to 3,150 from 4,980 in December 2016, the report said, as uncertainty around the terms of Britain’s exit from the EU made companies in the city reluctant to hire.

Brexit - City - Workforce - Haul - Hakan

“Brexit clobbered the City’s workforce in 2017. Anyone sticking it out into 2018 is in it for the long haul,” said Hakan Enver, operations director at Morgan McKinley Financial Services.

Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the country is denied access to Europe’s single market, according to...
(Excerpt) Read more at: www.oann.com
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