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.
Download the free executive summary.
You may be interested in
Our new global trade service: TradePrism
TradePrism is the most comprehensive forecasting service for trade. Offering 1200 product-level forecasts of trade between 46 major economies, and high-level indicators for an additional 137 economies delivered through an interactive data visualisation platform allows organisations to understand the key trends across global trade.Find Out More
Sneak preview: our new Asia Real Estate Service
The new Asia Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in Asia. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.Find Out More
Oxford Economics Launches Global Risk Service
Oxford Economics launches our Global Risk Service, a suite of data-driven and forward-looking tools that measure macro-economic and financial crises risks in 166 countries.Find Out More