EY report reveals £1 trillion Brexit exodus
The organisation has estimated that £1trn worth of financial services business across 23 companies has left the UK for the EU.
The EY Brexit Tracker has found that 23 financial services firms – eight of which are insurers – have announced transfer of assets to EU countries due to Brexit.
The Tracker estimated that this amounts to £1trn worth of business.
Not all firms have publicly declared the value of the assets being transferred, but EY stated that the Brexit Tracker has followed public announcements worth around £1trn, up from £800bn last quarter.
Workforce
The number of jobs across financial services that could
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