Despite uncertainty over Brexit, the UK capital's financial sector has held steady. Reuters' latest "Brexit tracker" of London's financial outlook, which looks at a third indicators including jobs, commercial property prices, public transport use, and bar and restaurant openings, showed that some firms have seen a slowdown, but others remain steady or buoyant. The number of jobs expected to be moved abroad by 29 March has dropped by two-thirds since September's tracker, but 2018 hiring numbers are down five on the previous year. Meanwhile, the average price of renting prime real estate in Q4 2018 remained unchanged from Q3.
Despite uncertainty over Brexit, the UK capital's financial sector has held steady. Reuters' latest "Brexit tracker" of London's financial outlook, which looks at five indicators including jobs, commercial property prices, public transport use, and bar and restaurant openings, showed that some firms have seen a slowdown, but others remain steady or buoyant. The number of jobs expected to be moved abroad by 29 March has dropped by two-thirds since September's tracker, but 2018 hiring numbers are down a third on the previous year. Meanwhile, the average price of renting prime real estate in Q4 2018 remained unchanged from Q3.