Brexit Begins to Hit UK Financial Services
Wednesday, 07 11 2018, Category: Insurance and Reinsurance, Country: United Kingdom
Britain’s financial-services industry is suffering a drop in foreign investment while some of its European counterparts enjoy big gains, according to a new study that shows the starkest indication yet of Brexit’s impact on the sector.
Investment from abroad in Britain’s financial-services firms fell 26 percent last year, EY said in a report released Monday. During the same period, Germany experienced a 64 percent increase, while the figure for France more than doubled.
Source: Insurance Journal