35% of financial services firms plan relocation as Brexit deadline looms

Industry News | 01/10/18

With six months until the UK exits the EU, new research shows that over a third of UK financial services firms have confirmed or are considering relocating their operations or staff to Europe.

As of the 10th September, 35% (77 out of 222) of the companies monitored in EY’s Financial Services Brexit Tracker had publicly confirmed, or stated their intentions, to move some of their operations and/or staff from the UK to Europe.

EY’s research shows that firms are being more specific about their plans, with 25% of companies confirming at least one relocation destination in Europe, compared with 19% at the end of 2017.
Source: financial reporter