Apr 9, 2017

Outlook for City after Brexit 'has improved'

Mark Boleat said London would remain a leading financial hub, with only a few banking jobs likely to move. The financial services sector largely backed the Remain campaign, warning that quitting the bloc could spur an exodus of City jobs. The City of London, the council that covers London's financial centre, itself backed EU membership. Banks including Goldman Sachs, HSBC and UBS have said they will move some jobs out of London as a result of Brexit. "Banks have had contingency plans since before the Brexit referendum in some cases," he said.

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