17-04-2021, 13:19
More than 440 financial firms have shifted thousands of jobs and £1 trillion of assets out of the UK and into the EU because of Brexit, with more pain still to come, according to new research.
A study by the New Financial think tank indicates that Brexit has hit the City of London harder than first thought and that the impact is likely to grow.
It found that banks have shifted about £900bn of assets from the UK – approximately 10 per cent of the total assets held by the UK banking system.
They didnae put that on the side of a bus thats for sure.
A study by the New Financial think tank indicates that Brexit has hit the City of London harder than first thought and that the impact is likely to grow.
It found that banks have shifted about £900bn of assets from the UK – approximately 10 per cent of the total assets held by the UK banking system.
They didnae put that on the side of a bus thats for sure.