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Wednesday 29th May 2024, 2:00 PM (BST)

Banks announce plans to keep jobs in Britain after Brexit

Banks announce plans to keep jobs in Britain after Brexit

Several of the UK’s major banks have announced that they will be keeping jobs in Britain following the result of the EU referendum.

Though many banks originally announced that they would be relocating to the EU if the UK voted to leave the EU, they have now said that they will not be scaling back in the UK.

No relocation

Amongst the companies that will not be relocating are HSBC and Barclays. HSBC was believed to be planning to move 1,000 of its staff to the EU, but the company has now said that it has no plans to relocate its headquarters from London.

HSBC Chairman, Douglas Flint, stated: “The message to staff is strategy hasn’t changed, no change in roles or prospects as of today.”

Barclays also announced that it would not be relocating, with Chief Executive Jes Staley stating that the company will be “staying anchored in Great Britain” and that no plans have been made to move staff.


British Bankers Association Chief Executive, Anthony Browne, said: “The banking sector has been working on detailed contingency planning to guarantee banks can continue serving customers in the UK and across the EU.”

Several other companies have also shown their commitment to Britain after the result of the referendum. These organisations include Google’s parent company, Alphabet, which said that it is unlikely to change its operations. 

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