As thousands of jobs look set to move to the continent due to Brexit, the U.K.'s financial services minister said Wednesday he would do all he could to ensure the City of London remains a major financial center.
John Glen told lawmakers that he agreed with Bank of England estimates that 5,000 financial services jobs will have moved to continental Europe by the time the U.K. is due to leave the European Union next March.
Unsure of future U.K. trading relations with the EU, financial firms in the country are looking to open hubs in Paris, Frankfurt and elsewhere by March. Glen singled out France for trying to exploit uncertainty over Brexit.