The proportion of workers in the City of London’s financial services sector born outside the UK jumped to 36% in 2019, up from 32% a year earlier, according to new data from the ONS. Now more than ever it’s essential that the UK remains open to international talent in order to compete on the world stage. As Catherine McGuiness, Policy Chair at the City of London Corporation, said the City will continue to recognise the vital contribution that international workers make to our local economy and community.
The figures were published alongside the City of London Corporation’s annual City Statistics briefing, which outlines key figures relating to the Square Mile’s workforce, business cluster and economic contribution. This shows that there were 522,000 jobs in the City of London in 2018, a 2% increase in employment on the previous year. Financial, professional and business services were the largest employers in the City of London, accounting for 374,000 jobs in 2018.
The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk
Picture source: Mayor of London.