A key measure of growth of the financial sector in London’s main financial district shows that it has almost drawn to a halt, according to the latest figures from property agency Atisreal. Daily Telegraph

Take-up of office space by banks and finance companies has dropped from a historical norm of 40% of the market to just 8% in the first quarter of this year.

The dramatic fall in take up of new space has been led by banks such as the Australian group Macquarie, which recently withdrew a requirement for a headquarters in the City.