Around 14,000 jobs will be created in the financial sector, according to economic consultancy cebr.

It has revised its projects from 9,000 and adds that it expect that 22,000 jobs will be added over the course of the next two years as the financial sector returns to growth.

However on a cautionary note it adds: “A sluggish recovery and a lower rate of job creation mean employment in the City will take time to return to pre-recession levels.

“The total level of City jobs is expected to remain below 2007 peak levels for at least a decade as growth in financial markets remains structurally lower than experienced during the pre-2007 boom.

“Under our central scenario, wholesale financial services employment in London is not expected to return to 2007 levels until 2021.”