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Third of Bank Staff Expect Brexit to Impact Employer

Third of Bank Staff Expect Brexit to Impact Employer

 A survey of thousands of financial services workers has revealed that 31% of them think their employer might move operations out of the UK as a result of Brexit.

5,000 people were included in the survey which was carried out by Morgan Mckinley. It found that there was a concern that the UK could lose passporting rights as well as access to the EU workforce.

The survey also found that 68% of these workers were against Brexit.

If banks were to leave the EU it would have a huge impact on IT recruitment, which has already been reduced by the offshoring of IT jobs by banks.

After the result of the referendum, Chairman of the Financial Services Club Chris Skinner, said: “[If banks retain passporting rights], London remains the global centre it always has been and nothing changes. If [Europe removes passporting rights], then most banks will need to relocate to Europe and will probably choose Dublin.”

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