Brexit: UK to lose 10,500 City jobs as 30 per cent of firms flag plans to move staff
The EU’s chief Brexit negotiator Michel Barnier made it clear last month that, when the UK leaves the single market, financial services firms based in Britain will lose their “passporting” rights. “On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere,” Mr Barnier told the Centre for European Reform last month.