Frankfurt residents divided over post-Brexit boom

Frankfurt

THE prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local residents anxious about the effect on an already dire housing shortage but also energised leftist groups looking to advance their anti-capitalist ideology.

At least 10,000 financial jobs are expected to move out of London when Britain leaves the European Union in March 2019, a number that could balloon to 75,000 over the longer term. The majority of banks, including Goldman Sachs, said that they expect to move to Frankfurt.