Leslie – Financial services facing Brexit triple whammy of worrying news

Britain’s financial services industry has suffered a “triple whammy of worrying news” today, the Open Britain campaign says.

Lloyd Blankfein, CEO of Goldman Sachs, today tweeted a picture of the firms new London office, saying: “In London. GS still investing in our big new Euro headquarters here. Expecting/hoping to fill it up, but so much outside our control. #Brexit”. 

Also today, Stuart Gulliver, CEO of HSBC, called on the Government to swiftly agree a transitional deal with the EU. And it was reported yesterday that Swiss bank UBS is likely to move at least 250 jobs out of London as a result of Brexit. 

Commenting, Chris Leslie MP, leading supporter of Open Britain, said:

“This is a triple whammy of worrying news for our economy. Britain’s financial services industry – a key part of our economy which supports millions of jobs – is bracing itself to move jobs abroad if Britain goes through a hard and destructive Brexit. 

“The Government’s ideological choice to leave the Single Market, and its failure to make headway in the negotiations, is spooking the City and putting jobs at risk.

“Nobody was told by Leave campaigners last year that leaving the EU could result in jobs moving abroad. To protect our economy, the Government must reverse its decision to leave the Single Market.”

/ends

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