Despite Brexit More High Tax Paying Bankers Work in London than Entire EU

Despite Brexit More High Tax Paying Bankers Work in London than Entire EU

The European Banking Authority (EBA) has published a report about high earning bankers based on 2019 data, which finds that of the 4,963 European bankers on salaries over €1 million in Europe, almost 71% of them still live in the UK. This despite repeated claims that Brexit would lead to an exodus of top earners across finance and commerce…

These highly paid workers in financial services pay hundreds of millions in taxes and spend their millions on goods and services that provide thousands more jobs. The report also shows that the total number of high rolling bankers actually increased from the previous year, rising from 4,938 to 4,963. This is the last time the UK will appear in these reports, so maybe Germany will take the crown next time.



* This article was originally published by Guido Fawkes

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