One in three financial services companies in Britain is considering or has confirmed plans to relocate its operations abroad because of Brexit, according to a report.
As uncertainty over Britain’s future relationship with the European Union grows, companies are seeking to shield themselves from the consequences of a damaging Brexit by relocating staff and assets away from the City.
According to EY, the professional services firm, 36% of the UK’s financial services companies are deliberating or finalising plans to move to an EU member state. That rises to 56% for banks and brokerages.
