News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Politics

Botched Brexit dragging City’s attractiveness to new low, warns EY

Brexit spooks investment sentiment as country’s longer-term attractiveness plummets, survey shows

Boris Johnson speaks during a Conservative leadership debate on June 18, 2019
Boris Johnson speaks during a Conservative leadership debate on June 18, 2019 Photo: Jeff Overs/BBC/Getty Images

Brexit is casting a growing shadow over the UK’s financial services sector, with sentiment on the country’s long-term appeal to banks, fund managers and insurers at an all-time low, according to consultancy EY.

EY found that almost half (48%) of respondents to its latest survey on the draw of the UK to financial services companies believed its attractiveness would decrease over the next three years.

WSJ Logo