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Fintech

Staff exodus from fintech lobby group set up by George Osborne

Departures come as Brexit uncertainty is threatening to derail the UK’s position as the global hub for fintech

'Silicon Roundabout,' the area known as 'Tech City' in London
'Silicon Roundabout,' the area known as 'Tech City' in London Photo: Getty Images

A lobby group for UK financial technology firms dreamt up by former Chancellor of the Exchequer George Osborne has been hit by a wave of senior departures, after alleged clashes with the current government over its independence.

Innovate Finance has lost a significant number of senior staff at a time when Brexit uncertainty is threatening to derail the UK’s position as a leading financial services and fintech hub.

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