Finance sector workers are deserting the UK for the Italian city, lured by the weather, the way of life and tax breaks
It wasn’t so long ago that Milan was cast aside as a grey, uninspiring industrial city, with the only sprinkle of colour coming from its fashion sector. But the northern Italian powerhouse now has a newfound energy and confidence – and it’s partly driven by Brexit.
As the consequences of the UK’s withdrawal from the EU have kicked in, a significant number of bankers, fund managers and other financial services workers have shifted from London to Milan – an option that would never have been considered a decade ago.