Dublin and Paris are the destinations of post-Brexit business

11 March 2021
Brexit

With Brexit, immediately after Dublin which remains at the first place for geographical, cultural and economic reasons, Paris climbs the positions of Frankfurt and Luxembourg gaining the second position. In fact, the French Central Bank claims that the escape of companies from the United Kingdom has brought the country as much as 170 billion Euros, generating about 2,500 jobs in 2020. In reality, only a small part of services has moved from the City to Paris. The challenge is only just beginning, considering also that soon an agreement on new financial deals should be signed with the aim of allowing British companies access to the European market, which could thus give continuity to their activities. In the next few years London will probably be confirmed as the financial heart of the continent, but in the Parisian business district, La Défense, companies aim to win the largest number of shares in the important UK market.