Four out of five new private sector jobs are in London

Mon, 27/01/2014 - 13:51 -- nick

The UK's jobs recovery has been based almost entirely in London, according to a new report.

Since the start of the recession, 80% of all new private sector jobs have been created in the capital and thousands have been forced to move there from around the country, says the Centre for Cities.

Those in their twenties are most likely to move, while some in their thirties move out of London to start families, but usually only to the south-east.

Companies ready to take on new staff

Mon, 17/12/2012 - 12:40 -- nick

A survey of 168 London-based businesses has shown a big increase in the number planning to take on new staff.

The survey, by the Confederation of British Industry and KPMG, found that 61% of companies plan to recruit workers, up from only 16% in June 2012, while 21% of firms planned to make redundancies, down from 31% in June.

These figures are close to pre-recession norms, suggesting that London may be getting closer to putting the downturn behind it.

Nomura Bank to lose 200 jobs in London

Mon, 24/09/2012 - 23:06 -- nick

The Japanese bank, Nomura, is to shed more than 200 jobs in London following a restructuring of its European operations.

Following its buyout of Lehman Brothers bank in 2008, the majority of Nomura's European employees are based in London.

The loss of jobs could prove embarrassing to Chancellor of the Exchequer George Osborne, who opened Nomura's new office in April last year and described the company as “one of the world’s leading investment banks”.

London 2012: Olympics jobs legacy 'falls short'

Sat, 11/08/2012 - 12:24 -- nick

Delays, underspends and unrealistic targets have blighted London Mayor Boris Johnson's attempts to secure an Olympic jobs legacy for the unemployed, the BBC has learned.

In contrast to his success as a public cheerleader for London during the 2012 Games, his key employment projects have stalled and struggled.

It has meant chances were missed to get unemployed people into jobs during the Olympics and beyond.


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