City Corporation responds to new jobs data showing City of London increase

Responding to new ONS data showing the number of City of London jobs increased between 2017 and 2018, Catherine McGuinness, Policy Chair at the City of London Corporation, said:

“The fact that the number of jobs in the Square Mile has continued to grow amidst such uncertainty is a tribute to its enduring attractiveness and strengths. No longer just a world-leading hub for financial and professional services, the City has diversified and is now home to a vibrant creative and tech sector – adding further to its burgeoning offer.

“While we are pleased to see an increase of financial services jobs in the City, it is a concern that sector jobs have decreased across the UK and in wider London, particularly in the context of Brexit. Sustained uncertainty is frustrating business up-and-down the country, making everyday decisions a challenge. We know that whatever the outcome of Brexit, the UK and particularly the City, will succeed in the long-term. But in order to give the UK the best start to our post-Brexit chapter, Government must make avoiding a no-deal Brexit the absolute priority.”

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK.