We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

UK Says Post-Brexit Financial Services Exodus Not Likely

Law360, London (October 10, 2018, 4:55 PM BST) -- The U.K. Treasury minister for financial services said Wednesday that the City of London will remain a key financial center after Brexit and dismissed stories that there would be a mass exodus of staff and operations to other European Union jurisdictions once Britain exits.

City Minister John Glen told lawmakers he agreed with Bank of England estimations that around 5,000 financial services jobs would leave the U.K. by the Brexit day next March. But he said the extent of contingency planning being done by London’s banks and financial firms was modest and the situation was stable.

“We have not seen wholesale...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS