Finance job roles fall 10% in aftermath of Brexit vote

IPPR research based on live job postings shows a 10.4% drop across England, with a 13.6% downturn in London including roles for Chief Executives and senior officials as well as administrative occupations.

Postings for the finance sector as a percentage of the whole economy decreased across every region in England in the two months after the referendum vote which the IPPR says is "striking as it is the only year in the past four where this trend has occurred".

IPPR is renewing its call for the government to reduce the economic damage of uncertainty over Brexit by saying it will prioritise passporting rights and access to the single market in negotiations.

Clare McNeil, IPPR Associate Director for Work and Families, said: “This new data shows the immediate impact that the vote to leave the European Union appears to be having on the finance sector.

“As one of our largest sectors, the financial sector is vital to the wider wellbeing of our economy.

“That is why the Prime Minister needs to end doubts around whether the government will pursue access to the single market and passporting rights as high priorities in the Brexit negotiations.”