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COMING UP:Share Opener Variant 3

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Transcript

00:00:01
>> But almost exactly a year to go before Brexit, what impact has a prospect had on London's financial centers? That's a question Reuters hopes to answer as it takes a pose of six-key indicators every quarter. And so far, it's a case of Brexit is postponed. The number of finance jobs being moved overseas by March 2019 due to Brexit has actually fallen, dropping by a half compared to six months ago to 5,000.
00:00:29
Echoing that, commercial property prices in the city are holding strong.>> Occupational confidence, in terms of big businesses' positions in London, it's probably a longer term risk. We don't see the weight of concern about Brexit. Perhaps falling until after 2021, 2222 and businesses have been able to see what impact it's had on their businesses.
00:00:51
>> Other numbers look weaker though. The amount of jobs available in London's financial services industry in 2017, fell the most in six years. No surprising to find city stations going relatively quiet. The number of travelers using Bank and Monument stations fell by fifth in 2017 compared to the previous year.
00:01:12
The first time there's been an annual drop since the financial crisis. Neighboring Canary Wharf down 10% and there's similar turbulence for London City Airport, a popular gateway for finance executives. Here passenger numbers fell for the first time since 2009.
SOUND] N
ed a drink after hearing that? Well, you might not be in luck.
00:01:33
Reuters found the number of drinking venues in the city fell 1.6% in 2017, only the second time it's dropped in the last decade. Now the hospitality industry wants to hear what Brexit will mean.>> I think eventually the outcome will be something that we can live with. But not knowing is something we can't live with for very long.
00:01:56
>> One perk here looking barometer though real estate giants commercial property prices are now at the highest since the third quarter of 2016. So what does it all mean for the fortunes of Britain's key financial hubs? Well there could be signs of a slowdown, but there's no indication of the slump many feared.