Barclays claim that UK graduates spend over £500 on average in order to land their first job. To help combat this, the bank will begin offering their graduate interviewees free accommodation in London, Birmingham and Manchester.

This will be welcomed by graduates who admit they have been deterred from applying for a job because of the sheer cost of getting to interview.

Many other employers in London already offer travel reimbursement. This should be considered a necessary requirement of the application process,  if the biggest firms want to continue to break down social mobility barriers when it comes to jobs in the City.