Unreported by the mainstream media, but fortunately picked up by our friends at Guido Fawkes, comes good news from the City of London. Also known as the Square Mile, it is the Wall Street of Britain. The survey is by City Index.

Job openings in the City were 17% higher in June 2017 compared to the same period last year. This shows that business confidence has not only survived our disastrously indecisive election, but also the thunderingly decisive vote for Brexit. Where are all the experts now? The ones who predicted the end of humanity if we left the EU. Hiding.

This is an important survey because London in recent years has become the main trading place for pretty much all kinds of financial instruments. Not only ones denominated in pounds sterling either. It is the go-to city for US banks wanting a foot in the EU, and for other banks all around the world. London, and particularly the financial sector, was stridently for remain in all but a few small pockets. The risks of Brexit to big business was considered high.

So today, some good news. We can all be intensely relaxed about Brexit, just as Baron Peter Mandelson once was about the filthy rich. Which is good, because many of these City jobs are on very high salaries indeed. The Square Mile, far from dying, is on the up. Hurrah!

About Author

P. C. Dettmann is the London bureau chief and contributing editor at The Z Review. Born in Hull, living in London, he is the author of Locksley: A New Spy, Ernest Zevon, and as Paul Charles, From Beyond Belief and Kicking Tin.

Comments are closed.

%d bloggers like this: