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According to an industry survey, in Britain financial firms including banks which are hit by the euro zone debt crisis badly in 2011 have started taking on new staffs again, confounding forecasts for more lay-offs. Ian McCafferty, CBI's chief economic adviser said that there will be a small rise in employment numbers of about 5,000 in the first quarter of 2012 and of 9,000 in the second quarter. Biggest banks of Britain are Barclays (BARC.L), HSBC (HSBA.L), and part-nationalised lenders Royal Bank of Scotland (RBS.L) and Lloyds (LLOY.L), and according to official statistics, around 1.035 million people were working in Britain's financial services at the end of 2011. Banks were among the surprise hirers this year, especially as profitability has not grown, in fact, hampered by a rise in costs, the survey revealed. But Replica Chanel Watches their optimism grew sharply, while business volumes rose. However, banks that responded to the survey said business volumes were below what they considered to be normal and investment banking divisions were still suffering. For more information bad credit lender here bad credit lender for bad credit loans As the government seeks to try to provide more competition in the sector the thing that is going to enable banks to retain their customers is high quality of service. In addition, they were hiring in IT and customer handling roles. He also said that banks had indicated they were increasingly worried that a focus on bonuses and pay would stop them being able to attract the quality of staff they needed. According to a survey by recruitment firm Astbury Marsden also showed that from February, the number of new jobs created in the City of London finance district fell 11 percent in March, Kevin Burrowes, UK financial services leader at PwC told reporters. All sectors ranging from banks and telecommunication firms to restaurants and hotels, shrank in the final quarter of 2011, but returned to growth in January. Service firms are confident about the year ahead stayed near February's level which was the highest in a year, and firms planned to add staff to meet the increase in new business. With unemployment still at its highest since the mid-1990s, signs for more hiring from all three PMI surveys provide welcome news for the Bank of England, which forecasts that consumers will spend more later this year when inflation falls ease the pressure on their budgets.
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