Banks will not bring back jobs moved out of Britain in anticipation of Brexit even if the country ends up staying in the EU, industry figures say. TheCityUK, a lobby group, has said that the plans drawn up by City firms to deal with the impact of Brexit are likely to be irreversible. There have been signs that financial companies such as Bank of America are pressing ahead with job moves out of the UK to other European cities before the March 29 deadline for Britain leaving the EU. Financial services have already shifted nearly £800 billion in assets including staff into the EU, according to the accountancy firm EY this month. Fears after the 2016 referendum that tens of thousands of banking, insurance and
Bank jobs which left the UK because of Brexit may not return even if the country was to stay in the EU, according to lobby group TheCityUK. Accountancy company EY said financial services had already moved almost £800bn ($1.04bn) of assets including staff to the EU. The Bank of England predicted that 4,000 jobs would move to other EU cities by March 29. TheCityUK said no single city had yet appeared to be a potential rival to London as firms were choosing different locations.