:00:11. > :00:18.The head of the London Stock Exchange has warned over
:00:19. > :00:21.the possible exodus of thousands of jobs in the finance sector
:00:22. > :00:27.Xavier Rolet told MPs his customers "simply would not wait",
:00:28. > :00:43.Others say the impact on jobs in the City is being exaggerated.
:00:44. > :00:45.Waiting, waiting, waiting - but patience is wearing thin.
:00:46. > :00:48.The man in charge of the London Stock Exchange has
:00:49. > :00:51.warned his clients simply would not wait and would move operations away
:00:52. > :00:52.from London amid all the Brexit uncertainty.
:00:53. > :00:55.Today, Xavier Rolet told the committee of MPs charged
:00:56. > :00:58.with scrutinising the Treasury that a five-year deal maintaining
:00:59. > :01:00.existing business arrangements with the EU was needed
:01:01. > :01:06.Without it, he says, jobs will be lost.
:01:07. > :01:15.There is no doubt that an economic impact, in terms of, of course,
:01:16. > :01:18.the jobs that power this industry, and I'm not just talking, of course,
:01:19. > :01:21.about the clearing jobs themselves, which number into the few thousands,
:01:22. > :01:24.but the very large array of ancillary functions,
:01:25. > :01:27.whether it's syndications, trading, treasury management,
:01:28. > :01:30.middle office, back office, risk management, software,
:01:31. > :01:36.which range into far more than just a few thousands,
:01:37. > :01:40.to tens of thousands of jobs, would then start migrating.
:01:41. > :01:42.Banks have issued warnings since the Brexit vote,
:01:43. > :01:46.claiming thousands of jobs would shift to rival financial
:01:47. > :01:49.centres across Europe if Britain loses the right to sell financial
:01:50. > :01:55.US banking giant JP Morgan warned 4,000 jobs could go.
:01:56. > :01:57.Goldman Sachs said it could move 2,000.
:01:58. > :02:00.And HSBC claimed 1,000 positions could be transferred
:02:01. > :02:09.Pessimism or worry doesn't come into it - it's about realism.
:02:10. > :02:12.Clearly, if Britain does not remain in the single market,
:02:13. > :02:14.and there are not adequate transition provisions
:02:15. > :02:17.and longer-term provisions, we're going to loses some jobs.
:02:18. > :02:20.We're keen to minimise that as far as possible,
:02:21. > :02:22.as is everybody else in the financial services industry.
:02:23. > :02:24.I'm afraid it sounds like yet more project fear...
:02:25. > :02:27.But those who campaigned for Brexit say claims of a negative impact
:02:28. > :02:37.This is why I don't think jobs will go to Frankfurt or Paris -
:02:38. > :02:43.We have a lot of expertise in the City, over hundreds
:02:44. > :02:46.of years, way before the EU, and that will continue.
:02:47. > :02:48.And we're the largest financial centre in the world.
:02:49. > :02:51.The Government says it's determined that our country remains a great
:02:52. > :02:55.For now, though, one certainty is, there will be more waiting before
:02:56. > :03:01.we know what Brexit Britain will mean for the financial sector.
:03:02. > :03:07.But in contrast, news of a US tech firm expanding
:03:08. > :03:19.Contact yes. The owner of the popular photo sharing app Snapchat
:03:20. > :03:25.has announced it will be registering a site here in London. It has 150
:03:26. > :03:29.million users worldwide, 10 million here in the UK. There are only 75
:03:30. > :03:32.employees in the UK at the moment but it has plans to expand in the
:03:33. > :03:38.future. This is significant, because other companies like Google and
:03:39. > :03:41.Facebook have been criticised in the past for registering their company
:03:42. > :03:46.in lower tax countries, like Ireland. And by setting up here in
:03:47. > :03:50.the UK, Snapchat will be paying their taxi. They will also be
:03:51. > :03:57.channelling profits from a few other countries through the UK. A
:03:58. > :04:02.spokesman said it was a common-sense decision and the UK was a great
:04:03. > :04:08.place to build a business. Snapchat is gearing up for a public offering
:04:09. > :04:11.this year, at a valuation of $25 billion, so this is very good news
:04:12. > :04:14.that they have decided to base themselves here in the UK.
:04:15. > :04:17.So, it's not been a good week so far for commuters.
:04:18. > :04:20.Yesterday it was a Tube strike - today a strike
:04:21. > :04:23.In fact, the first of three days of walkouts this week.
:04:24. > :04:27.Our reporter Marc Ashdown was on one of the handful of trains that
:04:28. > :04:34.Another strike day, but here, there is talk that one service
:04:35. > :04:39.7.34 to London Victoria is just outside the station...
:04:40. > :04:47.This is the 7.34 service to Victoria.
:04:48. > :04:53.I am quite surprised it's running, but I'm glad it's
:04:54. > :05:05.Er, yeah, not quite sure why there's just one train running.
:05:06. > :05:08.Caterham here, we've got a train straight through to Victoria.
:05:09. > :05:14.So, erm, yeah, long may it continue, actually.
:05:15. > :05:20.It is a bit of a shame they didn't publicise it better.
:05:21. > :05:23.On a strike day, this is a bit of a scandal.
:05:24. > :05:26.It was listed on Southern's website and the operator pointed out
:05:27. > :05:28.it was only able to offer a very limited service.
:05:29. > :05:29.Some are ditching the trains altogether.
:05:30. > :05:31.Just waiting for the coach to arrive.
:05:32. > :05:40.Scared of losing her new job at a charity, she's taking a coach.
:05:41. > :05:43.Slightly panicked by the fact that the driver just said that
:05:44. > :05:47.yesterday it took him four hours to get to London, by coach.
:05:48. > :05:49.But it still might be better than this.
:05:50. > :05:52.The strike is having a knock-on effect on other commuter routes,
:05:53. > :05:57.like South West Trains services through Clapham and Vauxhall.
:05:58. > :05:59.Terribly, because I've had to stay at my sister's rather
:06:00. > :06:03.It's been a nightmare, and again tomorrow.
:06:04. > :06:06.So I'm standing here thinking, how do I reorganise my calendar,
:06:07. > :06:08.so I don't have to go in to the office?
:06:09. > :06:12.London Bridge, practically deserted today.
:06:13. > :06:15.I live in Liverpool, so it was actually quicker coming
:06:16. > :06:17.from Liverpool to London than it was to get from London
:06:18. > :06:23.Back on board the 7.34 mystery lone commuter train,
:06:24. > :06:28.This will frustrate those who weren't so lucky.
:06:29. > :06:31.It's hard to make out, but this is East Croydon
:06:32. > :06:36.The train was not advertised to stop here, and Southern told us it
:06:37. > :06:39.wouldn't have been able to cope with the overcrowding.
:06:40. > :06:44.In a rare treat, it also arrived on time after a smooth ride.
:06:45. > :06:47.So, did the coach trip for any better?
:06:48. > :06:50.Two-and-a-half hours, and we've reached Fulham.
:06:51. > :07:04.Three-and-a-half hours later, almost quarter to 11, I'm at work.
:07:05. > :07:07.The journey home was equally as challenging.
:07:08. > :07:19.Commuters will chance it yet again tomorrow.
:07:20. > :07:21.Now to what the Dean of Southwark has described as a "once
:07:22. > :07:25.The cathedral's historic bells are blessed ready to be re-hung
:07:26. > :07:29.And, in a tradition that dates back to medieval times,
:07:30. > :07:31.the bells are baptised, given names and even godparents.
:07:32. > :07:40.He says it sounds bizarre, but it is significant.
:07:41. > :07:49.I think one of the most important things about bells in this country
:07:50. > :07:52.that people really appreciate is the sound of joy that they make.
:07:53. > :07:55.And when people hear the sound of bells, I think
:07:56. > :08:01.We have a ring of 12 bells here at Southwark.
:08:02. > :08:08.All bells need an MOT every hundred years to make
:08:09. > :08:13.The recasting and the re-engineering of parts of the bells only happens
:08:14. > :08:22.So, this is a once in more than a lifetime event,
:08:23. > :08:29.which is why it's such an exciting moment for the cathedral to go
:08:30. > :08:34.through, to see the bells all out, because they're hidden away.
:08:35. > :08:36.You hear the sound, but people can't really see them.
:08:37. > :08:39.And there is an ancient tradition, a medieval tradition, really,
:08:40. > :08:43.They're given names, they have godparents,
:08:44. > :08:45.they're anointed, sprinkled with water, all the
:08:46. > :08:49.We've even got a christening cake for these bells.
:08:50. > :08:56.Names were given to bells, and they were baptised,
:08:57. > :09:06.The other bells, we thought, how could we dress them
:09:07. > :09:11.And we thought it would be beautiful if the river
:09:12. > :09:19.And it looks as though they're floating on a bed of wool.
:09:20. > :09:26.I'm excited because the bells are an important part of our life,
:09:27. > :09:28.because it's the bells that really say, we're alive, come on in.
:09:29. > :09:31.That's always the message - come on in, the place
:09:32. > :09:36.As the bells are raised once more into the tower,
:09:37. > :09:39.we will have our voice back and be able to contribute to
:09:40. > :09:51.That's it for now from me, but let's find out
:09:52. > :09:55.what the weather's up to, with Wendy.
:09:56. > :10:06.Dare I say it, I heard you mention snow? Yes, the first few flakes of
:10:07. > :10:11.the year are definitely possible. It will be feeling wintry. That change
:10:12. > :10:15.comes tonight. For the time being, plenty of cloud with a breeze but it
:10:16. > :10:19.is mild. By the end of the night, we could be in double figures. The this
:10:20. > :10:22.little bit of rain here, in the early hours of the morning. It is
:10:23. > :10:27.actually a cold front, and as it clears through, fixed as will be
:10:28. > :10:33.starting to head down. At the same time, the wind speed will be heading
:10:34. > :10:37.up. It will be breezy at the end of the day tomorrow running some
:10:38. > :10:41.sunshine. It will be feeling rather cold. And there is a warning for
:10:42. > :10:45.snow on Thursday. There could be a substantial amount of it, with
:10:46. > :10:50.record driving conditions at least. There could be some that settles. On
:10:51. > :10:55.the outlook, you can see that the best case in only is that it falls
:10:56. > :10:58.as rain. And there could be some weekly show around towards the end
:10:59. > :11:03.of the week, and to start the weekend as well. For more on that
:11:04. > :11:13.snow situation, over to Jay Wynne now.
:11:14. > :11:20.Quite a lot going on over the next few days. The strong north-westerly
:11:21. > :11:24.wind will drag some really cold Arctic air across our shores full
:11:25. > :11:25.stop that will be with us for the