
UK stocks have made modest gains on the day that Chancellor Jeremy Hunt unveiled plans to overhaul post-2008 financial services regulations (Victoria Jones/ PA)
(Picture: PA Archive)The City is defying predictions of a post Brexit jobs cull with last year seeing a record-breaking year for financial services jobs in England and Wales.
While big banks have been cutting back on staff numbers due to a dearth of deal making and new stock market floats, demand for IT staff is booming.