Dublin secures a Brexit win as City of London hit worse than expected

135 financial firms have shifted activities from London to Dublin

Some 7,400 jobs have moved from the UK or been created at hubs in the EU, including Dublin. File photo: John Coveney

Dublin has emerged the biggest winner due to the relocation of financial activity by British firms as a result of Brexit.

More than 400 financial firms in Britain have shifted activities, staff, and a combined €1.62 trillion in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial think tank said.