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THE UK's decision to break away from the EU cost service exports more than £110 billion over a four-year period, new research has shown.
State’s 2016-2019 services exports £126bn higher than projections based on prior trends
Irish shippers increasingly turning to direct shipping services to continental Europe are set to see a sharp injection of unaccompanied capacity, as carriers respond to growing demand.
Since the Brexit, a shift of volumes has been observed to Ireland, and rail is taking the benefit. In Ireland as well as in Europe, seabound cargo is reaching the hinterland by train. And the volumes continue to increase, judging by the number of vessels going out.
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.
Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations.
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.
In the race for business lost by the City of London because of Brexit, Amsterdam’s stock market has surprised European rivals by carving out the biggest slice so far.
More than 440 firms in banking and finance have moved or are moving part of their business, staff, assets or legal entities from the UK to the EU, and 48 of them have come to Amsterdam, according to research by British think-tank New Financial.
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.
The U.K.’s departure from the European Union pushed more than 440 financial firms to move at least some of their operations, staff, assets or legal entities from Britain to the bloc.
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial think tank said on Friday.
If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain.
Finance firms have announced that about 7,600 jobs will move from the UK to the EU, according to a study by consultancy EY.
Activity in first three months of year indicates UK's withdrawal from EU could remake financial centres across Europe in coming years. / A month after Britain voted to leave the European Union, Boris Johnson was asked whether he thought the finance industry would keep its rights to trade freely in the bloc. “I do, I do,” he told reporters. It was never that simple.
Downing Street has blamed Brussels for the loss of business suffered by the City since Brexit day, which has led to Amsterdam surpassing London as the biggest share trading centre.
City firms revealed in the final months of 2020 that they planned to shift nearly £100bn in assets to the EU, taking the total value of assets lost to the bloc since the Brexit vote to £1.3 trillion, according to a new survey.
London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.
All the talk was of Frankfurt or Paris luring London's financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner.
UK assembly line at standstill as pharmaceutical company sets up in Amsterdam and plans EU expansion.
UK financial services firms seeking to set up post-Brexit hubs in Amsterdam have been using the Covid pandemic as 'a welcome excuse'.
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.
The City of London’s chief coping mechanism for dealing with Brexit’s threat to the financial services business is to dismiss the loss of jobs and investment as a trickle rather than a flood.