Low job moves conceal Brexit job woes: London chief of Finance

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Low job moves conceal Brexit job woes: London chief of Finance

The financial services industry is highly likely to lose more jobs in the coming years after Brexit, according to the policy chief of London, and warned people not to consider the low number of job moves at present.

As Britain is set to leave the European Union on Oct. 31, financial corporations and private firms are looking at the possibility of moving to central Europe to cater to more customers.

“The announced job moves at the moment are fairly low. We would expect those to go up,” policy chief Catherine McGuinness said. “It’s not the end of the story. This is a moment of high risk for the City.”

“We need the government to stop messing about and get on with sorting out our long-term future on the basis that will allow us to strike up a harmonious relationship with our EU partners going forward,” she added.

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