The exodus of “bankers” from post-Brexit London has become a boon for competitors

financial districts in London It largely drives the fortunes of the British economy.

Post migration was expected after Britain’s exit from the European UnionBut the most pessimistic forecasts indicate the loss of more than 250 thousand jobs in the financial services sector in the country. United kingdomare not met. The latest figures for the transfer of personnel are around 7,000 people.

However, according to experts, European cities are now more competitive than London in areas such as investment banking.

“London is still seen as a global financial player, but it is not necessarily the only European financial services centre, and I think that is what has changed in the aftermath of Brexit. Now people think that London is not the only European financial centre, but also another. “. the places. It could be Paris, Amsterdam or Dublin.”David Hinge of the European Center for International Political Economy reported.

Thanks to investment incentives, you love European cities Dublin They have become new banking centers.

The evidence suggests that what was once expected to be an exodus of urban bankers from London actually led to a strategic recalibration of resources around European banking centers to rival the City of London.

Peter Lawlor Is it Former chief economist of the German Stock Exchange. It is believed that European centers like Frankfurt It was a step ahead of London, but it is too early to tell what long-term impact Brexit will have on financial services.

“I don’t think this strategy was well thought out in the UK. Frankfurt was ready for it, Paris was ready for it… And you already know the stimulus being proposed in many European cities. However, where are we going to end up? Up? Whatever… It’s too early to say that.”Lawlor sees.

A change of winds, a recalibration of power: the story of the impact of Brexit on Europe’s finances is far from over.