Large banks are getting ready to relocate out of the UK early next year over fears around Brexit, the British Bankers’ Association (BBA) has warned.
Writing in The Observer, its boss Anthony Browne also says smaller banks could move operations overseas by 2017.
“Their hands are quivering over the relocate button,” he wrote. Most banks had backed the UK remaining in the EU.
Mr Browne also said the current “public and political debate at the moment is taking us in the wrong direction.”