Finance Job Vacancies in London Plummet 54% Year-on-Year
- Roles hit by Brexit and Covid uncertainty, recruiter says
- Banking industry is cutting thousands of posts worldwide
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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. While this is a fraction of the opportunities available in previous years, the total has risen from 2,490 three months earlier, when the U.K. was under stricter lockdown measures.