Europe leader talks about 'special place in hell' for Brexiters as yet another company moves assets out of UK

Pedro Gonçalves
clock • 2 min read

Donald Tusk, the European council president, has said there was a "special place in hell" for politicians who promoted Brexit "without even a sketch of a plan" as yet another company announces it is shifting assets to Germany amid Brexit fears. A unit of Swiss banking group UBS has secured the green light to transfer some of its UK assets to Germany, Bloomberg reported.  The transfer from British arm UBS Ltd. to German unit UBS Europe SE will take place next month. Less than 200 jobs are expected to be affected by the move, which involves the transfer of assets worth €32bn. The bus...

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