BUSINESS

Banks Still Adding Jobs In London, Despite Taxes

03/23/2011 11:47 am ET | Updated May 25, 2011

Investment banks in Europe's financial capital are adding jobs, helping to bolster headcounts at law and accounting firms across London, as the rest of Britain struggles to recover from the worst economic contraction since the 1930s. Chancellor of the Exchequer George Osborne, who delivers his budget today, has little alternative except to do all he can to keep companies such as Barclays Plc (BARC) and HSBC Holdings Plc (HSBA) from leaving London.

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