Equity trading on the Amsterdam stock exchange has for the first time overtaken London. The trading volume in the Dutch capital has quadrupled within one month in January as a result of Brexit.

Retail investors fled UK equity funds in February to the tune of £1bn ($1.4bn) — a continuation of a trend that was initially triggered by Brexit in 2016.

A shift in equity trading to the EU from London, due to a regulatory dispute over how MiFID II’s share-trading obligation applies after Britain’s exit from the bloc, is unlikely to reverse, we believe, based on 1Q data and with U.K. plans to scrap the rule. U.K. trading venues appear protected, however, having established EU hubs before the Dec. 31 split.

One consequence of Brexit closed a financing source to UK start-ups on 1 Feb. – but access could re-open if a UK and EU trade deal includes Horizon Europe participation.

With nearly £3bn leaving UK funds, outflows have surpassed their previous peak around the 2016 referendum.

Lawyers have identified five false claims made by ministers for refusing to strike a deal to rescue visa-free touring of the EU, leaving performers with crippling new costs and red tape.