As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's surprise vote to leave the European Union, according to a new Reuters survey. But as Brexit Day nears, the number of jobs that UK-based financial institutions say they expect to move in the event of a "hard" Brexit was around 5,800, just 500 more than the last survey in March, and with more firms responding. Ninety-seven of the companies that responded said they would have to move staff or restructure their businesses because of Brexit, although only 63 specified numbers. The 134 firms who responded to Reuters for this survey - against 119 who responded in March and 123 in September 2017 - employ the bulk of UK-based workers in international finance. Bankers said it is still too early to say what the long-term results of Brexit will be.

Source: dna September 26, 2018 06:56 UTC