According to headhunters Morgan McKinley there was an 11% slide in the number of City jobs in July, compared with a year ago, and a 33% fall in professionals seeking positions. The number of vacancies was up 1% compared with June, while there were 12% more jobseekers. Enver said this may have been a reaction to fears that Brexit will end freedom of movement for EU nationals. Even so, he said there had been a change of language by City firms about their response to Brexit. The Bank of England asked 400 banks, insurers and major fund managers to provide details of their Brexit plans by 14 July.

Source: The Guardian August 14, 2017 22:52 UTC