Brexodus

The term 'Brexodus' is a combination of BRitain and exodus.

It refers to the movement of businesses and individuals out of the UK that is considered to be a result of Brexit.

Brexit: finance firm relocations mount up

"Some 275 firms in the finance sector have either pulled, or are preparing to pull, business worth £900bn out of the UK because of Brexit, according to a March [2019] report from New Financial.

Entitled The New Financial Brexitometer, the report notes, 'Brexit effectively happened some time last year'.

New Financial MD William Wright says: 'The top line figure almost certainly understates the extent of the Brexodus.

We are only looking at companies that have said publicly what they are doing or have set up a new entity in the past 18 months.

This is phase one.'"

The Treasurer magazine, Cash Management Edition April 2019, p6.

See also

• Article 50
• Brexit
• Brexit Day
• Cliff edge
• Department for Business and Trade (DBT)
• Department for Exiting the European Union
• Equivalence
• European Economic Area
• European Free Trade Association
• European Union
• European Union (Withdrawal Agreement) Act 2020
• Frexit
• Grexit
• Hard Brexit
• Make UK
• MD
• New Financial
• No Brexit
• No Deal
• Offshore
• Parliamentary supremacy
• Schengen Area
• Sovereignty
• United Kingdom

External link

• New Financial: The impact of Brexit on the City so far