London Financial Centre Set For 100,000 New Jobs Boost

Tosca, one of the City's best-known hedge funds, expects London to thrive as a financial centre over the next decade. In contrast to doom-laden forecasts about the City's imminent demise, Tosca chief economist Savvas Savouri believes it will become the natural Western hub for emerging market growth. According to Savouri, the capital will attract at least 100,000 new financial services jobs over the next ten years. With demand for London property already outstripping the supply on the market this news can only lead to property price rises over the decade.