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Attracting business from London after Brexit - Can Paris, Dublin, Frankfurt or Amsterdam become Europes new financial center?

Published By :

GlobalData

Published Date : Mar 2017

Category :

Banking

No. of Pages : 32 Pages

Attracting business from London after Brexit - Can Paris, Dublin, Frankfurt or Amsterdam become Europes new financial center?

Summary

"Attracting business from London after Brexit - Can Paris, Dublin, Frankfurt or Amsterdam become Europes new financial center?" is an analytical report by GlobalData that assesses and compares the ability of four European cities (Paris, Dublin, Frankfurt and Amsterdam) to attract business, particularly financial services, out of London in the wake of the Brexit vote. The report offers detailed comparison of the cities' economies, business environments and infrastructure among other important aspects businesses would take into consideration when looking to relocate.

The effect of Brexit on Londons economy is currently ambiguous and uncertain, but European cities have publically and privately made strenuous effort to attract business from the city in the hope firms will choose to relocate once the UK leaves the EU. Each city competing to attract jobs and business from London offers its own unique advantages, however London remains ahead of other European cities in every aspect. Consequently, London is unlikely to lose its status as the financial capital of Europe, the scale of relocation will depend on the terms the government can negotiate and the overall effect on Londons economy.

Scope

- Paris economy was 86% the size of Londons in 2016 and 40% of the French capitals Gross Value Added consists of financial intermediation and real estate, making Paris the only city which can compete with London in terms of economic output.
- Paris is the only city which could feasibly accommodate an influx of firms and surge in demand for office space, with 10.8 million square feet of office space available for immediate use.
- Meanwhile, Dublin offers the most favorable business environment, with lax regulatory and labor laws similar to the UKs, a highly educated workforce and it being the only other English speaking city within the EU (the international business language).

Reasons to buy

- This report will prove useful to understand the potential impact of Brexit on certain cities economies.
- Brexit is an unprecedented political and economic upheaval soon to occur, with widespread implications for both the UK and EU economy.
- As a widely discussed and debated topic this makes it difficult to plan business decisions in the face of high levels of uncertainty.
- This report offers an analysis of the implications using facts and data to allow for a better understanding of the potential economic impact on London and other European cities.

Table of Contents
List of exhibits 4
Executive summary 5
Preface 7
Section 1: Social characteristics 9
Section 1, Introduction 10
Section 1, City culture 11
Section 2: Labor and business 13
Section 2, Introduction 14
Section 2, Office space 15
Section 1, Labor 16
Section 2, Business environment 18
Section 3: Economy 19
Section 3, Introduction 20
Section 3, Agglomeration benefits 21
Section 4: Key findings and recommendations 23
Section 4, Paris could be the ideal new financial hub 24
Section 4, London is unlikely to lose its status 25
Appendix 26

List of Tables
Exhibit 1: Percentage of population aged 20-29 years old, 2011-2016 11
Exhibit 2: Population (million), 2016 12
Exhibit 3: Square feet of office space (million) 15
Exhibit 4: Countries ranked on maths and science, 2015 16
Exhibit 5: Financial intermediation and real estate absolute output & percentage of GVA (US$), 2016 21
Exhibit 6: Percentage of London economy (Nominal GDP US$), 2016 22
Exhibit 7: Summary 24

List of Figures
Exhibit 1: Percentage of population aged 20-29 years old, 2011-2016 11
Exhibit 2: Population (million), 2016 12
Exhibit 3: Square feet of office space (million) 15
Exhibit 4: Countries ranked on maths and science, 2015 16
Exhibit 5: Financial intermediation and real estate absolute output & percentage of GVA (US$), 2016 21
Exhibit 6: Percentage of London economy (Nominal GDP US$), 2016 22
Exhibit 7: Summary 24

List of Table

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