Job vacancies in London ’s finance industry slumped 54% in the third quarter compared to 2019 as uncertainty around coronavirus, Brexit and bank profits discouraged hiring. City firms were advertising 3,810 roles in the three months through September, according to data from recruitment firm Morgan McKinley published Monday. There are concerns for the long-term recovery and the free flow of capital and equivalence for U.K. financial services that need to be clarified." The fall in vacancies comes amid growing job losses across the U.K. and a backdrop of global cuts in the banking industry, which is grappling with ultra-low interest rates and rapid technological change. Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint October 19, 2020 12:10 UTC