UK downplays risk of EU poaching London business

London firms have been quietly leasing space in Dublin, Luxembourg, Amsterdam, and Paris to make sure they can conduct business with EU clients

More than 30 UK firms have moved jobs to Dublin. Picture: James Horan/RollingNews.ie

The UK has downplayed the risk of the EU taking business away from London after Brexit, saying the real challenges come from New York, Tokyo, and other areas.

Britain completed its exit from the EU at the end of 2020, but the last-minute free trade deal that replaced membership of the bloc did not include arrangements for free trade in financial services — the engine of Britain's economy.