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Brexit has cost the City £1tn in assets and 7400 jobs so far, report finds

Writer's picture: Allan SharpeAllan Sharpe

https://www.standard.co.uk/business/brexit-city-ps1tn-jobs-relocate-brussels-b930095.html?fbclid=IwAR0yFeaBPINaSEV2wNAKAq6HfQbfGTUwSYHJWGfZI-oxNvO9gFYU9fxUtjI We identified more than 440 firms in the banking and finance industry in the UK that have responded to Brexit by relocating part of their business, moving some staff, or setting up new entities in the EU. Banks have moved or are moving more than £900bn in assets from the UK to the EU, and insurance firms and asset managers have transferred over £100bn more in assets and funds.


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