Mayor uses New Year’s Eve event to send message London remains open to Europeans
Financial firms will shift almost £800bn of assets from the UK to the Continent ahead of Brexit on 29 March, according to new analysis. / City firms have continued to relocate staff and assets away from London to Europe in the face of increasing uncertainty over the UK’s relationship with the EU.
London First: Business group ready to back second Brexit referendum if Theresa May loses Commons vote
08/01/2019
An influential business group has said it is willing to back a new referendum on the Brexit deal and is demanding that the government “stop the clock” on withdrawal to avoid crashing out for the EU.
Twenty companies have announced plans for no-deal scenario but true number could be higher. Financial services firms are preparing to move £800bn of assets out of Britain to Europe as part of Brexit contingency plans, a report has revealed.
Banking sector warns of 1930s-style crisis after no-deal Brexit: 'Social and economic catastrophe'
14/01/2019
A no-deal Brexit would be an economic and social “catastrophe”, a senior banking industry leader has warned.
EU medicines agency set to leave London
10/01/2019
Dutch officials handed over a pair of clogs and the keys to the European Medicines Agency’s temporary base in Amsterdam on Wednesday as the watchdog prepares to leave London after Brexit.
David Davis claims medicine and banking bodies will not have to leave Canary Wharf.
European Medicines Agency heads for Amsterdam 63 days before Brexit.
LSE tells City it has applied for new licences and entities within EU ‘to ensure orderly markets’
Of all the stupid losses Britain faces from Brexit, few can match the departure of well-paid bankers from London.
London MEP says it is 'clear the government cannot be left to its own devices when it comes to keeping our water sources safe'.
Swissquote Group Holding SA will likely shift its European retail business from London to Luxembourg following Brexit.
While Britain braces for its exit from the EU in March 2019, HSBC announced on Monday that seven of its Europe-focused offices will move from London to Paris early next year.
Bank of America's Brexit bill hits $400m
13/02/2019
Bank of America has spent around $400m on preparing for Brexit, which has seen the bank move some operations from London to Dublin and Paris.
More than 1,000 London business owners today warned that the economy faces damage even if Theresa May manages to pass her Brexit deal.
Big Four accountancy firm EY is shifting its legal entity from London to Brussels as it braces for the UK’s exit from the European Union.
More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday.
Banks, asset managers and insurers have already moved nearly £1 trillion of assets out of the UK and to other European countries ahead of Brexit, with more likely to be shifted in coming months, according to new research.
Falling business volumes, a sharp decline in jobs and a ‘national emergency’ have damaged bankers’ confidence.
JPMorgan Chase & Co. is pushing about 300 London-based investment banking staff to sign fresh contracts confirming they’ll leave the U.K. in the event of a no-deal Brexit, people familiar with the matter said.
London town halls are preparing to write to hundreds of thousands of EU citizens in the capital to tell them they can take part in European elections if they are held.
London activists upset at small mention of holding a second public vote. Local election results trigger fresh row over party's Brexit policy.
The European Banking Authority Leaves London
31/05/2019
Yesterday, May 30, an important part of London’s influence in the European financial world quietly slipped away. The European Banking Authority (EBA) closed its Canary Wharf office. There was no press release, no news report, only a statement on its website giving its new address. On Monday, June 3, it will re-open in Paris, France.
Tory spending plans to strip billions from poorest areas after Brexit and give cash to richest regions, study finds
10/06/2019
Wales and the south west and north east of England will be biggest losers, it calculates - with funds diverted to wealthy London and the south east. / The poorest areas of Britain will lose billions of pounds in public spending after Brexit under government plans, a study is warning – while the richest areas gain.