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London banking job exodus to EU slows despite Brexit

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Reuters

By Huw Jones LONDON (Reuters) – The number of finance jobs shifting from Britain to the European Union due to Brexit is less than initially expected despite billions of euros in share trading moving to the bloc and London losing most of its access to EU capital markets, consultants EY said on Monday. After Britain voted in 2016 to exit the EU, analysts like Oliver Wyman estimated that up to 35,000 financial services jobs or more would leave Britain. Britain fully left the EU last December, ending the City of London’s unfettered access to what had been its biggest single export customer. “Howev…

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