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London economy suffering 'wobble' over Brexit worries - think tank

Reuters  |  LONDON 

LONDON (Reuters) - London's economy is wobbling from the early effects of Brexit judging from the capital's faltering housing market, fewer European Union citizens seeking work and weaker job creation, according to a report from the Centre for London think tank.Despite the unemployment rate holding at its lowest in more than 25 years at 5.5 percent, job creation has slowed and the number of foreign workers seeking payroll tax registrations has dropped by 15 percent compared with a year earlier."While no-one knows how Brexit will play out, this new analysis suggests that London's economy is ...

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First Published: Tue, July 18 2017. 04:38 IST