Finance sector workers are deserting the UK for the Italian city, lured by the weather, the way of life and tax breaks
t 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 – andAs 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.
Italians returning home after carving out the start of their careers overseas make up the majority of those making the shift from London, but joining them are fellow continental Europeans, Britons and other nationalities., the Covid pandemic contributed to an acceleration in the trend over the last couple of years.Italy
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