City Of London
More Bankers Stayed in Brexit London Than Expected, EY Says
- Job relocations drop to 7,000, a fraction of some estimates
- Public announcements of plans to shift capital have dried up
Commuters view departure boards on a railway concourse at London Waterloo railway station.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The post-Brexit exodus of bankers from the City of London hasn’t come to pass.
The total number of Brexit-related job relocations from the U.K. to other parts of Europe since the 2016 referendum now stands at just over 7,000, according to the latest data from consultancy EY. That’s a fraction of some estimates made shortly after the vote amid huge uncertainty about the implications.