While Frankfurt has a range of advantages over its European competitors, a
number of other cities in Europe are set to benefit from jobs relocating away
from London. How substantial this migration will actually be in the coming years
The analysis by the lobby
group TheCityUK concludes that the extent of the migration flows from London
will vary depending on the outcome of the Brexit negotiations. The recent
sharper tone emerging from London has increased the probability of a “hard
Brexit” with the result that access to the EU Single Market could be lost.
According to reports, this puts up to 75,000 jobs at risk. If there is an
orderly withdrawal from the EU and access to the Single Market is retained,
migration is likely to be comparatively low.