Vaeth is promoting Frankfurt as an alternative financial center to the U.K. capital.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Vaeth, who heads Frankfurt's financial services trade association, estimates 10,000 jobs could move to the German city from London as a result of the impending upheaval.The biggest question is how many jobs to move out of London and where to move them, as the companies are concerned their ability to do business across the EU's market of 500 million people may be restricted after the U.K. leaves the bloc in March 2019 .Amid the growing unease, cities like Frankfurt are pressing their case.Ali put that number at around 1,500 jobs so far. But EY estimates that as many as 13,000 jobs from these 222 businesses are at risk. Some executives estimate as many as 100,000 leaving London in the long-term. Goldman, which employs some 6,000 people in the U.K., has signed a contract to lease eight floors of a skyscraper in Frankfurt, capable of holding 800 staff.
FOLLOW THIS ARTICLE