275 financial firms move $1.2trn from UK to EU in Brexit fallout

Over 275 financial firms are moving a combined $1.2trn (£925bn) in assets and funds and thousands of staff from Britain to the European Union amid uncertainty over a "no-deal" Brexit, a report shows. The report by the New Financial think tank, one of the most detailed yet on the impact of Brexit on financial services, said Dublin alone accounted for 100 relocations, ahead of Luxembourg with 60, Paris 41, Frankfurt 40, and Amsterdam 32. The move is costing up to $4bn the think tank added. "This is not Project Fear; this has already happened," says William Wright, the managing d...