Regional Trends Report December 2019 – London
APSCo and Vacancysoft
With the third Brexit delay, and a large Conservative majority in the Commons, the UK is looking less likely to leave the EU with a no-deal Brexit come January 31st. However, anxiety within business still remains high.
Whilst London continues to dominate the financial services industry, Brexit has already had an impact on the sector. While there has already been a movement of jobs – with 300 businesses moving roles out of London – there is yet to be a mass exodus of banks. This is partly due to MIFID II equivalence, coupled with the lack of an equivalent financial services hub in the EU. However, the real impact of Brexit is elsewhere.
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