The British world of finance is firmly opposed to a Brexit. Banks, consultancies, law firms, funds and FinTech startups have a lot to lose if voters opt to leave the EU.
As a further fallout from Brexit, EU officials are set to decide where to relocate the European Medicines Agency and the European Banking Authority. The decision will affect 1,000 UK-based employees.
Dozens of banks are in advanced talks with the European Central Bank about moving operations to the European mainland. As Brexit nears, many London-based financial institutions are considering Frankfurt, Paris or Dublin.
Arron Banks, the businessman who funded the campaign for the UK to leave the EU in 2016, has refuted allegations Russia funded Brexit. The Electoral Commission is looking into whether he breached campaign finance rules.
Germany will need to pay an extra €3.8 billion into the EU's coffers once Britain leaves the bloc. A new report, which is likely to rile German taxpayers, suggests France and Italy will face much lower budget hikes.
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