City job opportunities slumped by 54% during the third quarter compared to the previous year, as the Covid-19 pandemic and Britain's looming exit from the European Union weighed in financial services firms' appetite to hire.

There were 3,810 vacancies in the financial services sector in the third quarter, according to figures released on 19 October by recruiters Morgan McKinley. This is a 54% slide on the previous quarter, as investment banks and fund managers have largely battened the hatches amid the pandemic.