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ITV REPORT 28 March 2017 at-8:00pm Brexit: Luxembourg hoping to capitalise on potential loss of financial services jobs in City of London
cranes

Luxembourg is already building office space in anticipation of taking jobs from London post Brexit.
The cranes are up and construction workers hard at work.

Luxembourg isn't waiting to see if Brexit turns out badly for London's renowned financial services sector. It is already building office space on the assumption that it will.

It believes, as do many others, that Britain's exit from the European Union will lead to a mass exodus of financial services jobs from London.

All this just two years after the capital city overtook New York as the world's financial capital.

For rival financial centres, Brexit is a potential gold mine. And Luxembourg wants its share.

http://www.itv.com/news/2017-03-28/brexit-luxembourg-hoping-to-capitalise-on-potential-loss-of-financial-services-jobs-in-city-of-london/