The number of finance jobs shifting from Britain to the European Union due to Brexit is less than initially expected despite billions of euros in share trading moving to the bloc.
to the European Union because of Brexit is less than initially expected despite billions of euros in share trading moving to the bloc and London losing most of its access to EU capital markets, consultants EY said on Monday.
“However, over the last year, a number of the largest investment banks located in the UK have revised down the number of staff that will be relocated to the EU, taking the current number of Brexit-related job move announcements to just under 7400, down from 7600 in December 2020,” EY said in its latest Brexit tracker.There have been around 2800 new hires in the EU because of Brexit, which avoid the need to relocate some staff from London, with 2200 finance jobs also created in the UK, EY said.
Brussels has yet to sign off on a new discussion forum for financial regulators agreed in principle last December, seen by, although there has been some progress on euro clearing.
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