More than 275 of London’s biggest finance companies have relocated, moved staff or set up new entities overseas to brace themselves for Brexit disruption, with the number expected to “increase significantly” in the next few years.  

In a blow to the City, banks have moved or are moving around £800bn in assets from the UK to the European Union. Asset managers have also transferred more than £65bn in funds, according to a report by New Financial, a think-tank.