Brexit's Impact on the City of London

Brexit has led some finance firms to relocate parts of their operations to Europe, with new finance hubs emerging in cities like Amsterdam and Dublin. COVID-19 has slowed this relocation process, but more moves are expected. The UK is awaiting a decision on equivalence, which would allow full access to the EU market, but talks are slow due to tensions over Northern Ireland. The real loss is the job opportunities now arising in Europe that could have been in the UK.

What has Brexit prompted some finance firms to do?

Which cities are mentioned as emerging finance hubs due to Brexit?

What is the significance of the decision on equivalence for UK finance firms?

What are the main challenges affecting the talks regarding UK finance access to the EU single market?

What is described as the 'immeasurable loss' resulting from Brexit?