BANKS PLAN MOVE TO THE EU ALREADY

Bloomberg (HERE) say banks are privately already making plans to move jobs to Europe following discussions with government. They are said to be dismayed by the lack of any clear plan and are concerned that if they wait until our relationship with the EU becomes clear it will leave them at the back of the queue for discussions with regulators and other state authorities as well as problems securing the office space and infrastructure needed.

It looks like some are sceptical about what can be achieved:

"Bank executives are privately discouraged that seven weeks after the referendum, the ministers in charge of negotiating the best deal for the U.K. believe they can retain the benefits of being in the single market without accepting the free movement of EU citizens, the people said".