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City firms settle outside London in hunt for local talent

Glasgow, Birmingham and Leeds are turning into regional financial hubs

The new Barclays Glasgow Campus under construction at Buchanan Wharf
The new Barclays Glasgow Campus under construction at Buchanan Wharf Photo: Alamy

Banks and financial institutions are making moves to level the playing field between the City and the rest of the UK, as consecutive lockdowns and cost cuts encourage operations elsewhere.

The Bank of England and the Treasury are now hunting for talent further than the Square Mile, along with firms such as Goldman Sachs, with regional offices popping up in Leeds, Birmingham and elsewhere.

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