Two senior bankers have warned they could start moving jobs out of London next year if the UK appears to be heading for a hard Brexit.
Their comments came as David Davis, the Brexit minister, continued to signal his preference for a hard Brexit even as fears over the UK’s economic prospects have knocked the pound down below $1.23 – a new 31-year low for the currency.
Speaking at a conference in London on Tuesday, James Bardrick, the UK head of US bank Citi, said the main questions businesses have to answer is how quickly they need to act on contingency plans aimed at protecting their businesses should the UK leave the single market.
Read the Full Article: Source – Independent
Time For Truth: (Independent) – Brexit: Senior bankers warn they could start moving jobs out of London in 2017