City jobs exodus to the Continent is more a ripple than a wave
Doomsday forecasts are yet to materialise with only a tiny proportion of jobs in the UK’s finance sector moved due to Brexit
4 April 2021 • 5:00am
MPs were warned by HSBC’s former chairman Douglas Flint in 2017 that Brexit could trigger a “Jenga tower” of job losses, referring to the game where a whole tower of wooden blocks can topple down just by pulling just one piece out.
Xavier Rolet, then chief executive of the London Stock Exchange, told ministers he believed some 232,000 financial services roles were at risk.