Financial firms move £800bn in assets to Europe on Brexit fears

Latest data from EY reveals City exodus

As of 30 November 2018, 22 companies had announced a transfer of assets out of London to Europe
As of 30 November 2018, 22 companies had announced a transfer of assets out of London to Europe
  • Mike Sheen
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Financial services companies have transferred around £800bn of assets from the UK to Europe since the 2016 referendum on EU membership while firms continue to move operations and staff to the continent, according to EY.

EY's financial services Brexit Tracker, which monitors public statements made by 222 of the largest financial services firms with significant operations in the UK, revealed that as of 30 November 2018,...

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