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Brexit at 10: How UK financial services fared against the 2016 predictions

Consultancy.uk

2h ago· 6 min readenInsight

finance politics uk economy brexit analysis

Summary

Ten years after the Brexit referendum, this article examines how the UK financial services sector has actually performed against the dire predictions made in 2016. David Foster, managing director at Anglo Scottish Finance, reflects on the sector's resilience despite losing free trading partners in Europe, noting that while there were immediate negative impacts, the sector has adapted and continues to contribute significantly (8.8%) to the nation's GDP as of 2024.

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bskyBrexit at 10: How UK financial services fared against the 2016 predictionsconsultancy.uk

Key quotes

· 2 pulled

There was little debate in 2016 about the impact that Brexit would have on the nation's GDP, to which financial services contribute 8.8% (as of 2024).

There was a clear understanding that the loss of free trading partners throughout Europe would have an immediate negative impact – though Brexiteers at the time...

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This June marks ten years since the results of the Brexit referendum reverberated around the world.

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