Lockdowns Delay London’s Brexit Banker Departures, EY Says
- Travel restrictions have made employee relocations difficult
- EY’s Brexit Tracker finds fewer jobs have moved than expected
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The difficulties of relocating staff during a pandemic has postponed some finance jobs from moving out of London and into the European Union, according to EY.
“Travel restrictions over the last two years have challenged the practicalities of relocation,” said Omar Ali, head of financial services for Europe, the Middle East, India and Africa at EY. “Depending on the trajectory of the omicron variant and its impact on international travel in the short term, delayed moves should pick up over the coming year, not least due to ongoing pressure from EU regulators.”