Financial companies leave UK ahead of Brexit – Forex

New Financial's analysis found 332 financial institutions, some of whose business has now been moved from the UK to the EU, or they have created new companies here. Preparations for Brexit for the British financial sector began in March before the initial date of the country's exit from the EU. According to Bloomberg, at that time 60 companies moved their employees to new offices in Europe. Most British businesses move to Dublin, Luxembourg and Paris. Of these, Dublin is the most popular. Experts note that a number of British companies have been operating in the European Union as new businesses for a number of months. They spent hundreds of millions of dollars on redeployment. Therefore, we should not expect that they may soon return to Britain. The list of British companies moving to the EU continues to grow as new negotiations on a deal on the UK's exit from the EU are underway.