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Brexit leaves London fighting for its future as Europe poaches business

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London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.

London

Billions of dollars worth of stock and derivatives trading has already vanished from the British capital after the United Kingdom completed its exit from the European Union on Jan. 1, shifting abroad to financial hubs in Amsterdam, Paris and Frankfurt. And the threat of more lost business hangs above the city, home to dozens of the world's biggest banks, hedge funds and insurance companies.

 

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BrexitLalaland WHY is the City so quiet about Brexit damaging their businesses?

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Brexit has caused very few finance jobs to leave LondonEY reckons that 7,600 roles have moved from Britain to the EU since Brexit. That compares with 1.1m jobs in the financial-services sector as a whole London Stock Exchange still number one? Oops.
Source: TheEconomist - 🏆 6. / 92 Read more »