Ungated Post | 10 Jan 2017

Brexit: Who Could Take London’s Place in the EU?

In considering the risk that London may shed financial services jobs as a result of Brexit, we do need to consider whether any alternative EU city has the capacity to absorb the jobs that London loses.

A simple comparison of the scale of financial sectors says ‘no’. But that ignores three things: that broader office-based employment in European cities suggests that they have more scale than is often assumed; that jobs may possibly split between cities (the ‘end of agglomeration’) and that artificial intelligence means that the number of jobs that other cities need to absorb may not be nearly as large as the number of jobs that London might potentially lose.

brexitlondon.png

Download the free executive summary.

 

You may be interested in

George street, Sydney

Post

Australia’s CAPEX falters in Q1, with cost inflation to test activity

Private new capital expenditure fell 0.3% q/q in Q1 2022, led lower by a fall in buildings and structures investment. The weak result is in part due to the impact of Omicron on labour availability, and the postponement of construction activity in flood affected areas. Machinery & equipment volumes rose in the quarter.

Find Out More
OE LandAid Team - Before

Post

LandAid’s 10K Challenge

Yesterday, members of Oxford Economics joined LandAid’s 10k run in Regents Park London to raise awareness and funds for young people experiencing homelessness.

Find Out More
women working in martin place

Post

Anchors away – RBA change course and raise rates

The RBA has opted to raise the cash rate target to 0.35%. For some time, the RBA identified faster wage growth as its trigger for raising rates. Official data sources have provided no new information on this front over the past month. But the board has put their faith in information from the RBA business liaison program that wage growth is picking up.

Find Out More