Financial services will cut a further 8,000 jobs over the next three months, as the sector struggles under increasingly negative future prospects, according to a survey out today.
The pace of growth in the UK financial services sector continued to slow in the three months to September, according to the latest CBI/PwC Financial Services Survey. In the next three months firms expect growth will slow further, and for the first time in two years there will be no improvement in profitability. Meanwhile, sentiment has fallen for the first time since March 2009, as firms anticipate more challenging conditions. Ian McCafferty, chief economic adviser at PwC, said: "After a torrid couple of months on global financial markets, the mood has clearly darkened. "With bu...
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