Dublin gains as City of London chief says Brexit 'disaster' has cost 40,000 finance jobs

British financial services exports have been overtaken by other business services, such as law or advertising

Michael Mainelli said Dublin had gained most, attracting 10,000 positions, while cities such as Milan, Paris and Amsterdam had also benefited.

The UK's departure from the European Union cost London's financial centre about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates.

Michael Mainelli said Dublin had gained most, attracting 10,000 positions, while cities such as Milan, Paris and Amsterdam had also benefited from jobs migrating from London after Britain voted to quit the EU trading bloc in 2016.