City firms are likely to revive plans to shift staff to the EU once Covid-related travel restrictions ease next year, a financial sector report has said, as the number contemplating such moves continues to rise.
Of the 222 largest UK financial services firms monitored by accountancy firm EY since the 2016 referendum, 97 of them (44%) have confirmed they are relocating staff or operations to the continent, or are considering it – up from 41% in January 2020.
While announcements regarding Brexit-related relocations have slowed in recent years, EY suggested further moves had probably been delayed, rather than reversed, over the past year because of Covid lockdowns and concessions on home working. » | Kalyeena Makortoff, Banking correspondent | Monday, December 20, 2021
Brexit was a dumb idea from the very beginning. Nobody with even an elementary understanding of economics would have ever voted in favour of Brexit. How could anyone expect that leaving the world’s largest single market, the Single Market, would ever lead to prosperity? Fact is, Brexit is a disaster for Britain’s economic future and prosperity. Nothing good will ever come out of Brexit; moreover, it will impoverish the nation. Dumb is as dumb does! – © Mark
