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Wealth managers seeking new bases from which to serve European clients have landed on Luxembourg, with the Grand Duchy seen as a natural successor to London.
More than 3,000 staff have either relocated or had new jobs created in the Grand Duchy due to Brexit, according to Finance for Luxembourg.
The Brexit double fault
09/11/2022
'Wimbledonisation' helped the City of London become Europe’s financial capital. But leaving the EU has been much less of an advantage.
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU. / Of all the things the government could be doing to improve the economy right now, scrapping the cap on bankers’ bonuses seems like the most brazenly tone-deaf.
Former Formula One team boss Gérard Lopez, who gave £400,000 to Conservatives, has been charged after investigation. / A Tory donor who has been described as a friend of Vladimir Putin, and who donated £400,000 to the party before the Brexit referendum, is facing charges of forgery in Luxembourg.
A new survey shows that since the Brexit referendum, Dublin remains the most popular destination for staff relocations and new European hubs or offices.
One in three UK business owners fear their company won’t exist anymore in a year as Brexit onslaught intensifies
17/01/2022
Nearly one in three fear their company will close before the end of this year, primarily as the long-term effects of Brexit start to bite, according to alarming data shared with City A.M. this morning.
UK exports to EU could drop by another 8 per cent as Finland, Luxembourg, Portugal and Greece benefit from Brexit
17/01/2022
Brexit could reduce the UK’s exports to the EU by -7.73 per cent by 2025, according to new analysis shared with City A.M. this morning.
Oldest P&I outfit will ‘lift and drop’ to Grand Duchy after 166 years as UK mutual insurer.
Tens of thousands of British people in Europe could soon become 'undocumented migrants' thanks to Brexit
04/06/2021
10,000s of British expats in Europe have less than a month to avoid becoming undocumented migrants.
Tens of thousands have yet to apply for post-Brexit residence in countries with 30 June cut-off date.
Ireland ranked high on the list of the most preferred investment migration destination in Europe following Brexit
28/05/2021
As revealed in the EY Financial Services Brexit Tracker which monitors public statements made by 222 financial services firms, 36 financial services firms are considering or have confirmed relocating some UK operations and/or staff to Dublin.
Dublin was been chosen as the most desirable place for jobs from London’s financial district, as 135 firms have relocated business to the Irish capital because of Brexit, according to new research.
The U.K.’s departure from the European Union has gifted the City of London’s European rivals with a once-in-a-generation opportunity to win back some of the business that has gravitated towards the Square Mile over the past few decades.
Study finds over £900 billion in bank assets and £100 billion in insurance funds have been moved from the UK to the EU.
Amsterdam was one of the five place in the European Union most successful at luring British financial firms who were looking to establish a new headquarters office or hub because of Brexit.
Both Dublin and Luxembourg continue to be the most popular destinations for office and staff relocations, as well as new European hubs
A politico-economic union and formal international intergovernmental cooperation of three neighboring states in western Europe: Belgium, the Netherlands, and Luxembourg.
MEP says the EU has been patient but needs clarity now.
A no-deal Brexit would be catastrophic for UK citizens in the EU. No wonder they spoiled Boris Johnson’s press conference.
British prime minister takes a pass at the Duchy after being smoked out by protesters.
Europe's press has largely reported Boris Johnson's visit to Luxembourg as a humiliation for the British prime minister – with many outlets focusing on him skipping a press conference because of protesters.
Boris Johnson ‘chickens’ out of own press conference amid noisy protests, leaving empty podium next to Luxembourg’s PM
16/09/2019
Source says Downing Street thought PM would not be able to be heard properly above protests.
British Prime Minister Boris Johnson has skipped a planned news conference with Luxembourg's Prime Minister Xavier Bettel after he met European Commission President Jean-Claude Juncker to discuss Brexit.
Boris Johnson skips press conference with Luxembourg PM amid loud booing by protesters [1 min]
16/09/2019
Boris Johnson recieved a frosty welcome as he arrived for talks with Luxembourg's prime minister, Xavier Bettel. A large group of protesters outside the gates of the Luxembourg Ministry of State loudly jeered as Johnson shook hands with Bettel, before breaking out into chants of 'tell the truth, stop the coup'.