U.S. bank Citi is preparing to move up to 900 jobs from London to Dublin as part of its contingency plans for Britain's exit from the European Union, the Sunday Times reported (HERE). This should come as no surprise given the lack of clarity in government planning.
At the same time the RBS chairman, Sir Howard Davies, is pleading for some sort of transitional arrangement after we leave (HERE) and says banks are not going to wait to see the government's full negotiating position and will mover before this happens.
And of course, we won't even know if a transitional deal is on offer until after Article 50 is triggered. This would be like jumping out of an aircraft without knowing for sure if you have a parachute.
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