City of London to lose 20,000 jobs in a year

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Depression in the City is also expected to trim 3% from London house prices.

CEBR estimates that City type jobs in London's financial service sector will fall to an estimated 292,600 next year from an estimated 302,500 last year.

An additional 10,000 support services jobs are forecast to go, such as photocopier engineers, software professionals and wine bar staff.

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