Brexit fallout: Luxembourg sweats its assets

By BCC Secretariat for British Chamber of Commerce , March 24 2021
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There was once a time when Luxembourg was associated in the UK with transmitting popular music across the English Channel via Radio Luxembourg. More than half a century on, the radio station is no more and financial services jobs are leaking back in the other direction because of Brexit.

The tiny native land of former European Commission president Jean-Claude Juncker and (erm) ‘LuxLeaks’ has emerged alongside Dublin, Frankfurt, Paris and Amsterdam as one of the biggest ‘winners’ from Britain’s departure from the European Union (EU), with financial services companies opening there to ensure a continued presence inside the 27-member bloc.

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