But it also concluded that the jobs being affected by Brexit were not just the “back office” ones initially forecast, but “front office” staff who deal directly with clients. Omar Ali, EY’s UK financial services leader, said Friday’s announcement of a first-stage deal, allowing talks to move on to trade, had sent “a wave of relief across the City”. Last month Sam Woods, a deputy governor of the Bank, warned that 10,000 jobs could leave the City on “day one” after reviewing these plans. It has not said how many of its 6,000 roles in London will be impacted. EY’s tracker puts Dublin and Frankfurt ahead of other alternative centres in the EU, attracting 14 and 12 companies, respectively.

Source: The Guardian December 11, 2017 12:00 UTC