EU prepares to move two agencies from London

Source: BBC News

People look at Canary Wharf in LondonImage copyrightAFP
Image captionBoth agencies are currently headquartered in Canary Wharf in London

EU leaders have officially launched the competition between member states to decide which will host two London-based EU agencies, responsible for medicines and banking.

The relocation must take place by the Brexit deadline – 30 March 2019.

Some countries are bidding to host both the European Medicines Agency (EMA) and European Banking Authority (EBA).

It means hundreds of jobs moving from London, along with significant revenue from hotel stays and conferences.

The deciding vote will take place in November.

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