Fewer financial jobs are leaving the UK despite hard-Brexit fears
Most banks and financial services companies are hedging their bets, hoping for a last-minute political deal
London — As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's vote to leave the EU, according to a new Reuters survey. Many bankers and politicians predicted after the June 2016 referendum that leaving the EU would prompt a mass exodus of jobs and business and deal a crippling blow to London's position in global finance. But as Brexit Day nears, the number of jobs that UK-based financial institutions say they expect to move in the event of a "hard" Brexit was about 5,800, just 500 more than the last survey in March, and with more firms responding. This compares to about 10,000 in the first survey in September 2017. The results are based on answers from 134 of the biggest or most internationally focused banks, insurers, asset managers, private equity firms and exchanges to a survey conducted between August 1 and September 15. Nearly all of those surveyed said th...
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