Outlook for City after Brexit 'has improved'

Outlook for City after Brexit 'has improved'

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Mark Boleat, the policy chief for the City of London Corporation, has said that things are looking “rather better” for the UK financial services industry, post-Brexit.

It is believed that London will remain a leading financial hub with only a small number of jobs likely to move, with only a short term impact.

Before the referendum, the City of London council backed remaining.

After the referendum, a number of leading banks and other organisations have said they will move only a small number of jobs to EU jurisdictions in order to ensure continued access.

Most major firms had contingency plans which allowed them to cope with Brexit smoothly and with minimal disruption.

Link: http://www.bbc.co.uk/news/business-39544130

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