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The City moves to Ireland?

dublin

Many of British-based financial services firms have already decided to relocate at least part of their operations to Ireland, and others are expected to follow in the first half of this year, Ireland’s minister for the sector said this week.

Speaking at an event hosted by the London Irish Business Society, Eoghan Murphy said Britain’s decision to trigger #Brexit at the end of March had been a catalyst for these moves.

“With the time horizon we now have around Article 50, some decisions have already been made for relocation,” Murphy said, declining to name the companies, or give a number.

Earlier this month Irish finance minister Michael Noonan confirmed Irish central bank had received over 100 inquiries from British-based financial firms considering a move.

 

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