The number of UK finance professionals looking for jobs in Dublin has hit a post-Brexit vote high

The latest report also shows that the prospect of Brexit could be deterring European bankers from outside of the UK from coming to London

Josie Cox
Business Editor
Monday 02 October 2017 13:02 BST
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Several big banks have already committed to expanding their operations in Dublin to ensure that they can continue to service their customers after Brexit
Several big banks have already committed to expanding their operations in Dublin to ensure that they can continue to service their customers after Brexit

The number of finance professionals working in the UK who are planning a move to Ireland has soared to its highest level since last year’s Brexit referendum, new data shows.

A report compiled by Indeed, which is the world’s biggest job search site, has found that in the three months following the Brexit vote, the number of UK financial professionals looking for work in Ireland rose to 37 per cent above pre-referendum levels.

In the three months to the start of September, however, the number climbed even further – to 39 per cent above pre-referendum levels.

“Our data suggests financial sector professionals both in Britain and elsewhere are concerned by Brexit uncertainty and increasingly considering Ireland as an alternative place to further their careers,” said Mariano Mamertino, Indeed’s economist for Europe, the Middle East and Africa.

“Ireland is seen as an attractive alternative to the UK by jobseekers, because it is an English-speaking country with a flexible labour market and one of the strongest growing economies in Europe,” he added.

The latest report also shows that the prospect of Brexit could be deterring European bankers from outside of the UK from coming to London. In July 2015 European-based professionals accounted for 7 per cent of people looking for banking jobs in London, but by this July the figure had fallen to 4.3 per cent.

Several big banks have already committed to expanding their operations in Dublin to ensure that they can continue to service their customers after Brexit.

Other European cities competing for jobs being moved away from London include Frankfurt, Paris, Barcelona, Madrid and Brussels.

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