Fewer banking jobs leave UK over Brexit than predicted

By Aubrey Allegretti, political reporter
Around 630 finance jobs have been relocated out of Britain since the Brexit vote - significantly lower than banks warned - according to a survey.
The companies said they were hoping for a last-minute political deal that would save access to the EU's €14.9tn-a-year economy.
But in the run up to Brexit day, banks cautioned that under a "hard" divorce settlement around 5,800 would move out of the UK.The findings come in a survey by Reuters of financial institutions based in Britain.

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Many business chiefs fear Britain could be heading for a chaotic split that would spook financial markets and dislocate trade flows across Europe and beyond.Some politicians on both sides of negotiations put the odds of talks collapsing at more than 50%.But some forecasts on job losses have ranged from extremes.
Bank bosses were said to have 'moved through the five stages of grief'
The Brussels-based Bruegel research group claimed in February 2017 that 30,000 roles could move abroad under a hard Brexit.While the London Stock Exchange warned the previous month the figure could be 232,000.The survey by Reuters found financial institutions say they expect the total figure under that scenario to be 5,800.
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