European banks have reduced their investments in British assets by 17% Since the adoption of the United Kingdom decision about Brexit. The General outflow of means of banks from the UK was €350 billion, writes the Financial Times.
According to official data, the financial institutions from 27 countries of the European Union (EU) for the period from June 2016 to June 2017 reduced investments in British assets €1,94 trillion to €1.59 trillion. Liabilities of banks decreased from €1,67 trillion to €1,34 trillion.
The outflow of funds may increase to 29 March 2019 – the time of the British exit from the EU, predicts edition.
The government of the United Kingdom in the coming two years will receive an additional €3.37 billion to prepare for Brexit.