Politics

Botched Brexit dragging City’s attractiveness to new low, warns EY

Brexit spooks investment sentiment as country’s longer-term attractiveness plummets, survey shows

Boris Johnson speaks during a Conservative leadership debate on June 18, 2019
Boris Johnson speaks during a Conservative leadership debate on June 18, 2019 Photo: Jeff Overs/BBC/Getty Images

Brexit is casting a growing shadow over the UK’s financial services sector, with sentiment on the country’s long-term appeal to banks, fund managers and insurers at an all-time low, according to consultancy EY.

EY found that almost half (48%) of respondents to its latest survey on the draw of the UK to financial services companies believed its attractiveness would decrease over the next three years.

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