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Financial services will ‘more likely to relocate to New York than to the EU’ after Brexit





LONDON — Financial services relocating away from Britain as a result of Brexit are more likely to move to New York than elsewhere in the European Union, a House of Lords committee has concluded.

The House of Lords European Union select committee says in a report on Brexit’s impact on financial services published on Thursday: “We were told that much of the business lost by the UK would be more likely to relocate to New York than to the EU.”

The committee highlighted the fact that New York already has a highly evolved finance “ecosystem,” second only to London, and says read more >>>

Source:: BusinessInsider.Com

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