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flag London's financial sector lost 18% of jobs in late 2024, facing economic and tech challenges.

flag The financial services sector in London saw a significant downturn in 2024, with jobs dropping 18% in the last months and 12% annually. flag Factors include economic volatility, geopolitical uncertainty, and tech disruption. flag High interest rates and increased National Insurance costs have strained businesses, leading to hiring freezes and cautious outlooks for 2025, despite some tax relief measures.

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