More than 7,500 finance jobs have left Britain for Europe, EY Brexit tracker

Banks, insurers and asset managers have opened new or expanded existing hubs in the EU to continue serving their clients given that future access will be more limited once transition arrangements expire on Dec. 31.

But there could still be a flurry of further staff and operational announcements in the weeks before the year end, said Omar Ali, UK financial services managing partner at EY. EY said its Brexit Tracker showed that companies have also been hiring for more than 2,800 new roles in Europe since Britain voted to leave the EU in 2016.

The EU has said it will only offer selective access for the City of London’s range of financial services under its “equivalence” system, under which access is only allowed if Britain’s finance regulations are equivalent to the EU’s.

Any of you reporting this bbcnickrobinson bbclaurak BethRigby piersmorgan

But how many jobs have we gained? Let’s be honest - you’re supporting... projectFear

Boris Johnson is a moron, like tRump.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More than 7,500 finance jobs have left Britain for Europe - EY Brexit trackerMore than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, EY consultants said on Thursday. Another reason gold will be around the $2400 usd p/o mark. And so the true value will be awaken. 2600+ imo. Russia winning Worst decision again about Brexit, London. In 2020, the tech world is information and data and Briton is lost
Source: Reuters - 🏆 2. / 97 Read more »