'Lots of good news' Farage rebukes Brexit doom-mongers
Several institutions suggested the United Kingdom's financial services would suffer dire consequences because of Brexit.
Brexiteer Nigel Farage revealed the scaremongering Project Fear campaign could have ultimately missed the mark as he presented the latest update on the state of British financial services and investment data.
He said: "Amidst all the negativity and the doom and gloom it is time for a Brexit business briefing.
"The real estate advisor CBRE report London businesses took up an additional one million square feet of office space in November last year, the highest monthly figure since 20014.
All in all there is quite a lot of really very good news out there
"Other banks too in London are really gaining in confidence. Deutsche Bank has opened up a new London headquarters; Sumitomo Mitsui has signed up for a further 161,000 sq. ft. of the Broadgate development near Liverpool Street.
"In fact, confidence in the financial services sector helped investment in central London offices swell by 26 percent last year to 16.4 billion square feet, 81 percent of this coming from overseas."
Mr Farage regularly updates the audience of his daily LBC show on business success stories to highlight the positive aspects of the Brexit vote.
He continued: "What about manufacturing? The Airbus CEO Tom Enders confirmed plans to be in the UK ‘long into the future’ viewing the UK as ‘a home country and a competitive place to invest’.
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"The ONS reported that wages rose by 2.5 percent in the last three months of 2017. Perhaps that’s the Brexit effect, I don’t know, but all in all, there is quite a lot of really very good news out there."
Before the Brexit referendum Project Fear scaremongering suggested lucrative financial services would relocate to the European Union following the vote.
According to think-tank Bruegel, the UK could lose 10,000 banking jobs and 20,000 roles in financial services as companies move out of the UK following Brexit.
Frankfurt in Germany has been tipped as the biggest winner in the fight for London-based jobs that need to relocate to a hub inside the European Union after Brexit.
Germany has made no attempt to hide its desire to attract more big banks to the city of Frankfurt, which is already home to the European Central Bank.
The EU authority brought with it nearly 4,000 specialist employees when it relocated to its new 43-storey skyscraper in the Ostend district in 2015.