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And David Buik has predicted even those financiers who have upped sticks “will be back”. Figures published yesterday by the European Banking Authority suggested just 95 bankers earning €1 million a year or more relocated before Brexit.
JUST IN: EU single market sham – Bloc has made £1.2trillion out of UK
The EBA’s report said: “In 2019, the largest share of high earners of 3 519 (71 percent of the total number of high earners), was located in the United Kingdom (UK).
“Most of the Member States across the EU registered a slight increase in the number of high earners, particularly Germany, France, and Italy.”
The report added: “The increase of high earners resulted mostly from the impact of the relocation of staff from the UK to EU27 as part of Brexit preparations.
“In addition, for some institutions, the overall good financial results, particularly in corporate banking, and the ongoing restructuring and consolidations, which led to higher than usual severance payments, played an important role in the overall increase of high earners.”
7.56am update: Drivers will have ‘no leeway’ on speeding in the UK under new EU driving law
Drivers of company cars should have “no corporate leeway” on speeding when new EU limiter technology is installed in cars.
Peter Golding, managing director at FleetCheck said firms should be taking a “zero tolerance” approach to drivers who break limits.
The new rule means all vehicles sold in Europe from July 2022 will need to be fitted with an intelligent speed assistance (ISA) tool.
While an official decision has yet to be made, the UK is likely to adopt the new rule despite leaving the EU.
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