Article 50 was triggered, institutions look at expansion not relocation and London beats Silicon Valley at its own game. Businesses are done trying to read the tea leaves to see what lies ahead, and they’re getting back to the business of recruiting.
Brexit has pushed institutions into two camps. On one side we’ve got the ‘business as usual’ team, and on the other we have the institutions that are tired of the government’s hemming and hawing and have already begun to move jobs to other EU countries. It’s the latter group that’s contributed to the quarter drop in jobs available.
London Employment Monitor November 2016 highlights:14% decrease of jobs available, month-on-month6% increase of jobs available, year-on-year9% decrease in professionals seeking jobs, month-on-month16% increase in professionals seeking jobs, year-on-yearFor first time since Brexit vote jobs available increase, year-on-yearWith the Christmas and
"A few short months after Brexit, a sense of optimism has returned to the City. However, two key negotiation items remain foremost on everyone’s minds. The first is the right of EU citizens to work in London; the second, the retention of passporting rights."