Financial recruiter Charterhouse has reduced the size of its London office in response to weakening economic conditions.

Jane Davey, associate director of Charterhouse, told Recruiter: “This was a direct result of the downturn in the UK economy generally and in financial services in the City of London in particular.”

Davey adds the “lack of appetite to recruit in the banking and associated sectors” had caused sector-wide problems for recruiters.

Recruiterunderstands the company’s Dubai office has been left untouched.