Brexit gloom grows as 11% of investment professionals reveal they plan to leave City

Looming threat of no deal

A growing number of investment professionals believe the UK is heading for a hard Brexit and the country's departure from the European Union will be detrimental to the City's competitiveness, with the number expecting to leave the UK as a result jumping by nearly 25% in a year.

Research from CFA UK found the proportion of City investment professionals expecting a hard Brexit, whereby the UK leave the EU without a deal on its future relationship with the bloc, has grown to 22.5% from 17% at the same time last year.  Brexit blog: May hits back at Chequers dismissal Meanwhile, the number expecting a soft Brexit, whereby the UK leaves the EU with a deal that keeps it as closely aligned as possible, has fallen from 67% last year to just 58%. In its latest survey of more than 800 members analysing how Brexit will affect investment professionals currently workin...