Financial Blog

Brexit could see one in five banking jobs leave London - study

Category: Banking
Published: Saturday, 09 July 2016 03:07
Written by Super User
Hits: 708

The survey suggested that 20% of banking jobs could relocate from London, with Frankfurt emerging as one of the most attractive locations for financial services companies considering moving their business after Brexit.

Germanys economic stability, which was ranked the most important criteria by those interviewed, made Frankfurt the top venue, while its political stability, pool of qualified workers with specialist knowledge, and tax system also underpinned its attractiveness.

The fact that German not English is the main language spoken in Frankfurt made it less attractive, but this criteria was ranked as the least important by those polled.